HighTower Advisors LLC Cuts Stock Holdings in iShares U.S. Transportation ETF (BATS:IYT)

HighTower Advisors LLC reduced its stake in iShares U.S. Transportation ETF (BATS:IYT) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,350 shares of the exchange traded fund’s stock after selling 904 shares during the period. HighTower Advisors LLC owned approximately 0.11% of iShares U.S. Transportation ETF worth $1,037,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. US Bancorp DE bought a new stake in shares of iShares U.S. Transportation ETF in the fourth quarter worth about $33,000. ORG Partners LLC bought a new stake in iShares U.S. Transportation ETF in the 4th quarter worth approximately $54,000. IFP Advisors Inc bought a new stake in iShares U.S. Transportation ETF in the 4th quarter worth approximately $61,000. Global Retirement Partners LLC boosted its position in shares of iShares U.S. Transportation ETF by 653.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,567 shares of the exchange traded fund’s stock valued at $106,000 after acquiring an additional 1,359 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of iShares U.S. Transportation ETF by 23.3% in the fourth quarter. Allworth Financial LP now owns 1,815 shares of the exchange traded fund’s stock valued at $130,000 after purchasing an additional 343 shares in the last quarter.

iShares U.S. Transportation ETF Stock Down 5.7 %

iShares U.S. Transportation ETF stock opened at $65.57 on Thursday. iShares U.S. Transportation ETF has a 52-week low of $60.10 and a 52-week high of $75.59. The firm’s fifty day moving average is $69.29 and its 200 day moving average is $69.73. The company has a market cap of $619.61 million, a price-to-earnings ratio of 17.77 and a beta of 1.21.

About iShares U.S. Transportation ETF

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.