Founders Financial Securities LLC Purchases New Holdings in iShares U.S. Transportation ETF (BATS:IYT)

Founders Financial Securities LLC purchased a new stake in iShares U.S. Transportation ETF (BATS:IYT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,705 shares of the exchange traded fund’s stock, valued at approximately $331,000.

Several other hedge funds have also made changes to their positions in the company. Modera Wealth Management LLC purchased a new stake in shares of iShares U.S. Transportation ETF in the 3rd quarter valued at approximately $40,346,000. International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Transportation ETF in the 4th quarter valued at approximately $35,128,000. Cadent Capital Advisors LLC lifted its position in shares of iShares U.S. Transportation ETF by 458.7% in the 1st quarter. Cadent Capital Advisors LLC now owns 111,561 shares of the exchange traded fund’s stock valued at $7,854,000 after acquiring an additional 91,592 shares in the last quarter. Wells Fargo & Company MN increased its stake in iShares U.S. Transportation ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 69,868 shares of the exchange traded fund’s stock valued at $18,335,000 after buying an additional 3,769 shares during the period. Finally, Deane Retirement Strategies Inc. acquired a new position in iShares U.S. Transportation ETF in the 1st quarter valued at approximately $3,948,000.

iShares U.S. Transportation ETF Stock Performance

iShares U.S. Transportation ETF stock opened at $65.43 on Monday. The firm has a market cap of $893.12 million, a PE ratio of 4.53 and a beta of 1.11. The firm’s 50 day moving average price is $64.94 and its two-hundred day moving average price is $66.59. iShares U.S. Transportation ETF has a twelve month low of $157.65 and a twelve month high of $206.73.

iShares U.S. Transportation ETF 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.