Spire Wealth Management Cuts Stake in SPDR S&P Transportation ETF (NYSEARCA:XTN)

Spire Wealth Management reduced its stake in shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) by 19.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,062 shares of the company’s stock after selling 262 shares during the quarter. Spire Wealth Management’s holdings in SPDR S&P Transportation ETF were worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in XTN. Financial Freedom LLC bought a new position in shares of SPDR S&P Transportation ETF during the 4th quarter valued at approximately $27,000. Bank of Montreal Can bought a new stake in SPDR S&P Transportation ETF in the second quarter worth $54,000. Retirement Income Solutions Inc bought a new stake in SPDR S&P Transportation ETF in the first quarter worth $201,000. Cetera Investment Advisers lifted its position in SPDR S&P Transportation ETF by 13.7% in the first quarter. Cetera Investment Advisers now owns 2,493 shares of the company’s stock worth $222,000 after buying an additional 301 shares during the last quarter. Finally, Peapack Gladstone Financial Corp bought a new stake in SPDR S&P Transportation ETF in the first quarter worth $225,000.

SPDR S&P Transportation ETF Stock Up 0.7 %

Shares of XTN opened at $73.95 on Tuesday. The company has a market cap of $227.03 million, a PE ratio of 7.70 and a beta of 1.33. The business has a fifty day moving average of $72.68 and a 200 day moving average of $77.32. SPDR S&P Transportation ETF has a 52-week low of $65.66 and a 52-week high of $88.14.

SPDR S&P Transportation ETF Profile

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.