Grimes & Company Inc. Invests $3.53 Million in iShares U.S. Transportation ETF $IYT

Grimes & Company Inc. acquired a new stake in iShares U.S. Transportation ETF (BATS:IYT) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 51,487 shares of the exchange traded fund’s stock, valued at approximately $3,529,000.

Several other large investors have also recently added to or reduced their stakes in IYT. Howe & Rusling Inc. boosted its position in iShares U.S. Transportation ETF by 6.2% in the 1st quarter. Howe & Rusling Inc. now owns 3,244 shares of the exchange traded fund’s stock valued at $208,000 after buying an additional 188 shares during the period. Indie Asset Partners LLC raised its stake in shares of iShares U.S. Transportation ETF by 1.4% in the first quarter. Indie Asset Partners LLC now owns 14,462 shares of the exchange traded fund’s stock valued at $926,000 after acquiring an additional 200 shares in the last quarter. Harbour Investments Inc. boosted its holdings in iShares U.S. Transportation ETF by 56.5% in the first quarter. Harbour Investments Inc. now owns 1,127 shares of the exchange traded fund’s stock valued at $72,000 after purchasing an additional 407 shares during the period. Bessemer Group Inc. acquired a new position in iShares U.S. Transportation ETF during the 1st quarter worth $27,000. Finally, Merit Financial Group LLC increased its holdings in iShares U.S. Transportation ETF by 8.3% during the 1st quarter. Merit Financial Group LLC now owns 7,787 shares of the exchange traded fund’s stock worth $499,000 after purchasing an additional 596 shares during the period.

iShares U.S. Transportation ETF Price Performance

IYT stock opened at $73.28 on Tuesday. The business’s 50-day moving average is $70.56 and its two-hundred day moving average is $67.08. The firm has a market capitalization of $740.15 million, a P/E ratio of 16.05 and a beta of 1.25. iShares U.S. Transportation ETF has a 1 year low of $54.02 and a 1 year 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.