Element Pointe Advisors LLC Invests $20.83 Million in SPDR S&P Transportation ETF $XTN

Element Pointe Advisors LLC purchased a new position in shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 223,948 shares of the company’s stock, valued at approximately $20,827,000. SPDR S&P Transportation ETF comprises about 3.9% of Element Pointe Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Element Pointe Advisors LLC owned approximately 11.37% of SPDR S&P Transportation ETF as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. UBS Group AG grew its holdings in SPDR S&P Transportation ETF by 332.6% in the 4th quarter. UBS Group AG now owns 59,024 shares of the company’s stock valued at $5,393,000 after buying an additional 45,379 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of SPDR S&P Transportation ETF by 169.2% during the second quarter. Ameriprise Financial Inc. now owns 71,574 shares of the company’s stock worth $5,762,000 after buying an additional 44,984 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of SPDR S&P Transportation ETF by 306.7% during the third quarter. Susquehanna International Group LLP now owns 25,933 shares of the company’s stock worth $2,174,000 after buying an additional 19,556 shares in the last quarter. Brookstone Capital Management acquired a new stake in shares of SPDR S&P Transportation ETF during the fourth quarter worth $1,678,000. Finally, Raymond James Financial Inc. grew its stake in shares of SPDR S&P Transportation ETF by 90.3% in the third quarter. Raymond James Financial Inc. now owns 26,295 shares of the company’s stock valued at $2,205,000 after acquiring an additional 12,475 shares in the last quarter.

SPDR S&P Transportation ETF Stock Performance

NYSEARCA:XTN opened at $115.46 on Tuesday. SPDR S&P Transportation ETF has a 52 week low of $79.18 and a 52 week high of $120.89. The firm’s 50-day simple moving average is $111.93 and its 200 day simple moving average is $103.69. The firm has a market cap of $409.88 million, a price-to-earnings ratio of 16.16 and a beta of 1.36.

About SPDR S&P Transportation ETF

The SPDR S&P Transportation ETF (XTN) is an exchange-traded fund that is based on the S&P Transportation Select Industry index. The fund tracks a broad-based, equal-weighted index of US stocks in the transportation industry. XTN was launched on Jan 26, 2011 and is managed by State Street.