Raymond James Financial Inc. Acquires New Holdings in iShares U.S. Transportation ETF (BATS:IYT)

Raymond James Financial Inc. bought a new position in iShares U.S. Transportation ETF (BATS:IYT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 55,569 shares of the exchange traded fund’s stock, valued at approximately $3,755,000. Raymond James Financial Inc. owned approximately 0.41% of iShares U.S. Transportation ETF as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. US Bancorp DE acquired a new stake in shares of iShares U.S. Transportation ETF in the 4th quarter valued at $33,000. ORG Partners LLC acquired a new stake in shares of iShares U.S. Transportation ETF in the fourth quarter worth about $54,000. IFP Advisors Inc acquired a new position in shares of iShares U.S. Transportation ETF during the 4th quarter valued at about $61,000. Global Retirement Partners LLC increased its holdings 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 raised its stake in shares of iShares U.S. Transportation ETF by 23.3% in the 4th quarter. Allworth Financial LP now owns 1,815 shares of the exchange traded fund’s stock valued at $130,000 after acquiring an additional 343 shares in the last quarter.

iShares U.S. Transportation ETF Stock Down 5.7 %

Shares of iShares U.S. Transportation ETF stock opened at $65.57 on Thursday. iShares U.S. Transportation ETF has a 12-month low of $60.10 and a 12-month high of $75.59. The stock has a 50 day moving average price of $69.29 and a two-hundred day moving average price of $69.73. The stock has a market capitalization of $619.61 million, a P/E 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.