MML Investors Services LLC Reduces Stock Position in iShares U.S. Transportation ETF (BATS:IYT)

MML Investors Services LLC lessened its holdings in shares of iShares U.S. Transportation ETF (BATS:IYT) by 37.2% during the third quarter, Holdings Channel reports. The firm owned 3,791 shares of the exchange traded fund’s stock after selling 2,243 shares during the quarter. MML Investors Services LLC’s holdings in iShares U.S. Transportation ETF were worth $261,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Financial Bankshares Inc grew its position in shares of iShares U.S. Transportation ETF by 0.6% in the 3rd quarter. First Financial Bankshares Inc now owns 266,979 shares of the exchange traded fund’s stock worth $18,398,000 after buying an additional 1,575 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in iShares U.S. Transportation ETF by 37.2% in the third quarter. BNP Paribas Financial Markets now owns 166,539 shares of the exchange traded fund’s stock valued at $11,476,000 after acquiring an additional 45,127 shares in the last quarter. National Bank of Canada FI increased its position in iShares U.S. Transportation ETF by 20,513.2% during the 3rd quarter. National Bank of Canada FI now owns 101,829 shares of the exchange traded fund’s stock valued at $7,017,000 after purchasing an additional 101,335 shares during the period. Verity & Verity LLC bought a new position in iShares U.S. Transportation ETF in the 3rd quarter worth $4,660,000. Finally, Jmac Enterprises LLC lifted its position in shares of iShares U.S. Transportation ETF by 5.4% in the 3rd quarter. Jmac Enterprises LLC now owns 64,568 shares of the exchange traded fund’s stock worth $4,449,000 after purchasing an additional 3,290 shares during the period.

iShares U.S. Transportation ETF Price Performance

Shares of BATS IYT opened at $68.42 on Thursday. iShares U.S. Transportation ETF has a 1 year low of $157.65 and a 1 year high of $206.73. The stock has a market capitalization of $933.93 million, a P/E ratio of 4.53 and a beta of 1.11. The company’s 50-day moving average is $71.50 and its 200 day moving average is $67.91.

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.