Bank of New York Mellon Corp Invests $293,000 in iShares U.S. Transportation ETF (BATS:IYT)

Bank of New York Mellon Corp acquired a new stake in iShares U.S. Transportation ETF (BATS:IYT) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,342 shares of the exchange traded fund’s stock, valued at approximately $293,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IYT. Mutual Advisors LLC boosted its stake in shares of iShares U.S. Transportation ETF by 8.6% in the 4th quarter. Mutual Advisors LLC now owns 4,149 shares of the exchange traded fund’s stock valued at $296,000 after purchasing an additional 330 shares in the last quarter. Allworth Financial LP boosted its position in 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 buying an additional 343 shares in the last quarter. ORG Partners LLC acquired a new stake in iShares U.S. Transportation ETF in the fourth quarter valued at approximately $54,000. Massachusetts Wealth Management grew its stake in shares of iShares U.S. Transportation ETF by 5.4% during the fourth quarter. Massachusetts Wealth Management now owns 16,058 shares of the exchange traded fund’s stock worth $1,085,000 after buying an additional 825 shares during the last quarter. Finally, Montag A & Associates Inc. lifted its stake in shares of iShares U.S. Transportation ETF by 48.8% in the 4th quarter. Montag A & Associates Inc. now owns 2,583 shares of the exchange traded fund’s stock valued at $175,000 after acquiring an additional 847 shares during the last quarter.

iShares U.S. Transportation ETF Stock Down 8.4 %

BATS IYT opened at $63.67 on Friday. The company has a market cap of $601.67 million, a price-to-earnings ratio of 17.77 and a beta of 1.21. iShares U.S. Transportation ETF has a twelve month low of $60.10 and a twelve month high of $75.59. The business’s fifty day moving average is $69.03 and its 200 day moving average is $69.71.

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.