Cetera Investment Advisers Sells 5,940 Shares of iShares U.S. Transportation ETF (BATS:IYT)

Cetera Investment Advisers lessened its position in shares of iShares U.S. Transportation ETF (BATS:IYT) by 23.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,446 shares of the exchange traded fund’s stock after selling 5,940 shares during the period. Cetera Investment Advisers owned approximately 0.21% of iShares U.S. Transportation ETF worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Q3 Asset Management bought a new position in iShares U.S. Transportation ETF in the 1st quarter valued at approximately $246,000. Concurrent Investment Advisors LLC acquired a new stake in shares of iShares U.S. Transportation ETF during the first quarter worth $202,000. Sovran Advisors LLC increased its position in shares of iShares U.S. Transportation ETF by 121.9% during the first quarter. Sovran Advisors LLC now owns 7,435 shares of the exchange traded fund’s stock worth $443,000 after buying an additional 4,085 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of iShares U.S. Transportation ETF during the first quarter worth $315,000. Finally, Bessemer Group Inc. acquired a new stake in shares of iShares U.S. Transportation ETF during the first quarter worth $27,000.

iShares U.S. Transportation ETF Trading Down 2.1%

BATS:IYT opened at $68.07 on Monday. The stock has a market capitalization of $687.55 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. The firm has a fifty day simple moving average of $68.47 and a two-hundred day simple moving average of $66.65. iShares U.S. Transportation ETF has a 12 month low of $54.02 and a 12 month high of $75.59.

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.