Cary Street Partners Investment Advisory LLC Purchases New Position in iShares U.S. Transportation ETF $IYT

Cary Street Partners Investment Advisory LLC acquired a new position in iShares U.S. Transportation ETF (BATS:IYT) in the second quarter, HoldingsChannel.com reports. The firm acquired 12,403 shares of the exchange traded fund’s stock, valued at approximately $1,076,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in iShares U.S. Transportation ETF by 26.5% during the 1st quarter. Bank of America Corp DE now owns 408,579 shares of the exchange traded fund’s stock valued at $30,480,000 after purchasing an additional 85,669 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of iShares U.S. Transportation ETF by 60.1% in the fourth quarter. Wells Fargo & Company MN now owns 359,247 shares of the exchange traded fund’s stock worth $26,767,000 after purchasing an additional 134,924 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of iShares U.S. Transportation ETF by 205,850.0% in the fourth quarter. BNP Paribas Financial Markets now owns 350,115 shares of the exchange traded fund’s stock worth $26,087,000 after purchasing an additional 349,945 shares during the last quarter. First Financial Bankshares Inc lifted its holdings in shares of iShares U.S. Transportation ETF by 4.6% during the fourth quarter. First Financial Bankshares Inc now owns 293,923 shares of the exchange traded fund’s stock valued at $21,900,000 after purchasing an additional 12,900 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of iShares U.S. Transportation ETF by 1,296.9% during the third quarter. Two Sigma Investments LP now owns 273,800 shares of the exchange traded fund’s stock valued at $19,634,000 after purchasing an additional 254,200 shares in the last quarter.

iShares U.S. Transportation ETF Price Performance

iShares U.S. Transportation ETF stock opened at $86.95 on Thursday. iShares U.S. Transportation ETF has a one year low of $68.10 and a one year high of $90.06. The stock has a market capitalization of $878.20 million, a PE ratio of 16.05 and a beta of 1.25. The business’s fifty day moving average is $86.61 and its 200 day moving average is $81.72.

iShares U.S. Transportation ETF Company Profile

iShares Transportation Average ETF (the Fund), formerly iShares Dow Jones Transportation Average Index Fund, is an exchange-traded fund (ETF). The Fund seek investment results that correspond generally to the price and yield performance, before fees and expenses, of Dow Jones Transportation Average Index. The Index measures the performance of the transportation sector of the United States equity market, and includes companies in the primary groups, such as airlines, trucking, railroads, air freight, transportation services and industrial services.