Commonwealth Retirement Investments LLC Invests $532,000 in iShares U.S. Transportation ETF (BATS:IYT)

Commonwealth Retirement Investments LLC purchased a new stake in iShares U.S. Transportation ETF (BATS:IYT) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 7,869 shares of the exchange traded fund’s stock, valued at approximately $532,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new stake in shares of iShares U.S. Transportation ETF during the fourth quarter worth $293,000. IFP Advisors Inc acquired a new stake in iShares U.S. Transportation ETF in the 4th quarter worth about $61,000. Global Retirement Partners LLC raised its stake in iShares U.S. Transportation ETF by 653.4% in the 4th quarter. Global Retirement Partners LLC now owns 1,567 shares of the exchange traded fund’s stock worth $106,000 after purchasing an additional 1,359 shares in the last quarter. Allworth Financial LP boosted its holdings in 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 purchasing an additional 343 shares during the period. Finally, Montag A & Associates Inc. grew its position in shares of iShares U.S. Transportation ETF by 48.8% during the 4th quarter. Montag A & Associates Inc. now owns 2,583 shares of the exchange traded fund’s stock worth $175,000 after purchasing an additional 847 shares in the last quarter.

iShares U.S. Transportation ETF Trading Down 0.0 %

Shares of IYT opened at $69.52 on Tuesday. The stock has a market capitalization of $632.59 million, a PE ratio of 22.25 and a beta of 1.22. The firm’s 50 day moving average is $70.11 and its 200-day moving average is $69.61. iShares U.S. Transportation ETF has a 12 month low of $157.65 and a 12 month high of $206.73.

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.