Raymond James Financial Inc. Purchases 29,060 Shares of iShares U.S. Transportation ETF $IYT

Raymond James Financial Inc. boosted its stake in shares of iShares U.S. Transportation ETF (BATS:IYT) by 52.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,630 shares of the exchange traded fund’s stock after purchasing an additional 29,060 shares during the period. Raymond James Financial Inc. owned approximately 0.92% of iShares U.S. Transportation ETF worth $5,419,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE grew its position in iShares U.S. Transportation ETF by 201.3% during the fourth quarter. Bank of America Corp DE now owns 535,197 shares of the exchange traded fund’s stock valued at $36,163,000 after buying an additional 357,557 shares during the period. Verity & Verity LLC acquired a new stake in shares of iShares U.S. Transportation ETF in the first quarter valued at about $6,456,000. Strategic Wealth Partners Ltd. acquired a new stake in shares of iShares U.S. Transportation ETF in the fourth quarter valued at about $6,579,000. J. Goldman & Co LP acquired a new stake in shares of iShares U.S. Transportation ETF in the fourth quarter valued at about $5,785,000. Finally, Two Sigma Investments LP grew its holdings in shares of iShares U.S. Transportation ETF by 139.3% in the fourth quarter. Two Sigma Investments LP now owns 140,000 shares of the exchange traded fund’s stock valued at $9,460,000 after purchasing an additional 81,500 shares during the period.

iShares U.S. Transportation ETF Trading Up 1.4%

Shares of IYT opened at $70.52 on Friday. iShares U.S. Transportation ETF has a 12-month low of $54.02 and a 12-month high of $75.59. The firm has a 50-day moving average price of $70.24 and a 200 day moving average price of $66.61. The firm has a market capitalization of $712.23 million, a P/E ratio of 16.05 and a beta of 1.25.

iShares U.S. Transportation ETF Company 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.