Independent Advisor Alliance Buys Shares of 3,358 SPDR S&P Transportation ETF (NYSEARCA:XTN)

Independent Advisor Alliance bought a new stake in shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,358 shares of the company’s stock, valued at approximately $291,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Genesee Capital Advisors LLC raised its stake in SPDR S&P Transportation ETF by 12.2% during the 4th quarter. Genesee Capital Advisors LLC now owns 20,606 shares of the company’s stock valued at $1,786,000 after acquiring an additional 2,246 shares in the last quarter. Raymond James Financial Inc. bought a new stake in SPDR S&P Transportation ETF during the 4th quarter valued at $771,000. Coldstream Capital Management Inc. bought a new stake in shares of SPDR S&P Transportation ETF in the 3rd quarter worth $449,000. Jane Street Group LLC bought a new stake in shares of SPDR S&P Transportation ETF in the 3rd quarter worth $439,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of SPDR S&P Transportation ETF in the 3rd quarter worth $362,000.

SPDR S&P Transportation ETF Stock Performance

XTN opened at $74.74 on Wednesday. SPDR S&P Transportation ETF has a one year low of $71.84 and a one year high of $95.62. The stock’s fifty day moving average is $85.72 and its 200-day moving average is $85.82. The company has a market capitalization of $169.66 million, a PE ratio of 17.52 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.