NBC Securities Inc. Takes Position in SPDR S&P Transportation ETF (NYSEARCA:XTN)

NBC Securities Inc. bought a new stake in shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 905 shares of the company’s stock, valued at approximately $66,000.

Several other hedge funds have also recently added to or reduced their stakes in XTN. Jones Financial Companies Lllp boosted its stake in SPDR S&P Transportation ETF by 93.0% during the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the company’s stock valued at $36,000 after purchasing an additional 199 shares during the period. J.W. Cole Advisors Inc. bought a new stake in SPDR S&P Transportation ETF during the 4th quarter valued at approximately $208,000. Independent Advisor Alliance bought a new stake in SPDR S&P Transportation ETF during the 4th quarter valued at approximately $291,000. Total Wealth Planning & Management Inc. bought a new stake in SPDR S&P Transportation ETF during the 4th quarter valued at approximately $313,000. Finally, Sovran Advisors LLC bought a new stake in SPDR S&P Transportation ETF during the 4th quarter valued at approximately $362,000.

SPDR S&P Transportation ETF Stock Down 1.9%

Shares of NYSEARCA:XTN opened at $78.54 on Thursday. The business has a 50 day moving average price of $72.70 and a 200 day moving average price of $81.17. SPDR S&P Transportation ETF has a twelve month low of $61.95 and a twelve month high of $95.62. The company has a market cap of $197.92 million, a price-to-earnings ratio of 16.67 and a beta of 1.40.

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.