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Corient Private Wealth LP acquired a new stake in SPDR S&P Transportation ETF (NYSEARCA:XTN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,458 shares of the company's stock, valued at approximately $978,000. Corient Private Wealth LP

Launched on 01/26/2011, the State Street SPDR S&P Transportation ETF (XTN) is a smart beta exchange traded fund offering broad exposure to the Industrials ETFs category of the market.

I initiate coverage of the State Street SPDR S&P Transportation ETF with a Hold rating. I believe XTN will underperform IVV into 2027 as higher fuel prices and higher financing costs erode transportation names' fundamentals and weigh on investor sentiment. While having a value tilt, the fund does not offer any edge over IVV and XLI on the earnings resilience, GARP, and quality fronts.

The trucking industry's latest warning is putting transportation ETFs under the microscope as surging diesel prices threaten to squeeze freight carriers' margins.

Designed to provide broad exposure to the Industrials - Transportation/Shipping segment of the equity market, the State Street SPDR S&P Transportation ETF (XTN) is a passively managed exchange traded fund launched on January 26, 2011.