Sovran Advisors LLC Takes Position in SPDR S&P Transportation ETF (NYSEARCA:XTN)

Sovran Advisors LLC acquired a new stake in SPDR S&P Transportation ETF (NYSEARCA:XTN) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 4,053 shares of the company’s stock, valued at approximately $362,000. Sovran Advisors LLC owned approximately 0.18% of SPDR S&P Transportation ETF at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Jane Street Group LLC purchased a new stake in SPDR S&P Transportation ETF during the 3rd quarter worth about $439,000. Flow Traders U.S. LLC bought a new position in SPDR S&P Transportation ETF in the 3rd quarter worth about $362,000. M3 Advisory Group LLC grew its holdings in shares of SPDR S&P Transportation ETF by 4.3% during the third quarter. M3 Advisory Group LLC now owns 5,685 shares of the company’s stock worth $469,000 after purchasing an additional 234 shares in the last quarter. CX Institutional purchased a new position in shares of SPDR S&P Transportation ETF during the third quarter worth about $267,000. Finally, Genesee Capital Advisors LLC raised its position in shares of SPDR S&P Transportation ETF by 8.8% during the 3rd quarter. Genesee Capital Advisors LLC now owns 18,360 shares of the company’s stock valued at $1,514,000 after buying an additional 1,478 shares in the last quarter.

SPDR S&P Transportation ETF Trading Down 0.9 %

XTN opened at $87.63 on Thursday. The stock has a 50-day moving average price of $89.36 and a 200-day moving average price of $84.96. The stock has a market capitalization of $196.29 million, a P/E ratio of 11.07 and a beta of 1.27. SPDR S&P Transportation ETF has a 12-month low of $71.84 and a 12-month high of $95.62.

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.