Dynamic Advisor Solutions LLC Trims Position in iShares U.S. Transportation ETF (BATS:IYT)

Dynamic Advisor Solutions LLC cut its holdings in shares of iShares U.S. Transportation ETF (BATS:IYT) by 80.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,201 shares of the exchange traded fund’s stock after selling 21,076 shares during the period. Dynamic Advisor Solutions LLC owned 0.06% of iShares U.S. Transportation ETF worth $333,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in IYT. Allworth Financial LP grew its stake 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 worth $130,000 after purchasing an additional 343 shares during the period. Global Retirement Partners LLC grew its stake in iShares U.S. Transportation ETF by 653.4% in the fourth 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 during the period. IFP Advisors Inc purchased a new stake in iShares U.S. Transportation ETF in the fourth quarter worth $61,000. Bank of New York Mellon Corp purchased a new stake in iShares U.S. Transportation ETF in the fourth quarter worth $293,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in iShares U.S. Transportation ETF in the fourth quarter worth $532,000.

iShares U.S. Transportation ETF Stock Down 6.6%

Shares of IYT stock opened at $64.94 on Friday. The business’s fifty day moving average is $63.94 and its 200 day moving average is $66.73. iShares U.S. Transportation ETF has a twelve month low of $54.02 and a twelve month high of $75.59. The stock has a market cap of $665.60 million, a price-to-earnings ratio of 16.77 and a beta of 1.26.

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.