Fmr LLC Sells 414 Shares of iShares U.S. Transportation ETF (BATS:IYT)

Fmr LLC cut its stake in shares of iShares U.S. Transportation ETF (BATS:IYT) by 9.4% in the third quarter, HoldingsChannel reports. The fund owned 3,996 shares of the exchange traded fund’s stock after selling 414 shares during the period. Fmr LLC’s holdings in iShares U.S. Transportation ETF were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in iShares U.S. Transportation ETF during the second quarter valued at approximately $25,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of iShares U.S. Transportation ETF during the 3rd quarter valued at $41,000. Family Firm Inc. bought a new position in iShares U.S. Transportation ETF in the 2nd quarter worth $44,000. Bristlecone Advisors LLC purchased a new stake in iShares U.S. Transportation ETF in the 3rd quarter worth $81,000. Finally, Transcendent Capital Group LLC raised its holdings in iShares U.S. Transportation ETF by 11.4% during the third quarter. Transcendent Capital Group LLC now owns 1,782 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 182 shares during the period.

iShares U.S. Transportation ETF Stock Up 0.4 %

Shares of iShares U.S. Transportation ETF stock opened at $67.54 on Friday. iShares U.S. Transportation ETF has a 52 week low of $157.65 and a 52 week high of $206.73. The stock’s 50-day simple moving average is $71.63 and its 200-day simple moving average is $67.81. The company has a market capitalization of $921.92 million, a price-to-earnings ratio of 4.53 and a beta of 1.11.

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.