Leuthold Group LLC Buys Shares of 18,029 iShares U.S. Transportation ETF $IYT

Leuthold Group LLC bought a new stake in iShares U.S. Transportation ETF (BATS:IYT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,029 shares of the exchange traded fund’s stock, valued at approximately $1,343,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IYT. NewEdge Advisors LLC boosted its stake in iShares U.S. Transportation ETF by 233.9% in the first quarter. NewEdge Advisors LLC now owns 12,589 shares of the exchange traded fund’s stock valued at $806,000 after acquiring an additional 8,819 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of iShares U.S. Transportation ETF during the 2nd quarter valued at approximately $388,000. Raymond James Financial Inc. lifted its stake in shares of iShares U.S. Transportation ETF by 8.4% during the 2nd quarter. Raymond James Financial Inc. now owns 91,742 shares of the exchange traded fund’s stock valued at $6,288,000 after buying an additional 7,112 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of iShares U.S. Transportation ETF by 54.6% during the 2nd quarter. Bank of America Corp DE now owns 255,098 shares of the exchange traded fund’s stock valued at $17,484,000 after buying an additional 90,131 shares in the last quarter. Finally, WFA of San Diego LLC purchased a new stake in shares of iShares U.S. Transportation ETF during the 2nd quarter valued at approximately $69,000.

iShares U.S. Transportation ETF Stock Performance

Shares of IYT stock opened at $80.07 on Monday. The stock has a market capitalization of $808.71 million, a P/E ratio of 16.05 and a beta of 1.25. The firm’s 50 day moving average is $77.53 and its 200 day moving average is $76.60. iShares U.S. Transportation ETF has a 12 month low of $64.28 and a 12 month high of $83.24.

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. The Index measures the performance of the transportation sector of the United States equity market, and includes companies in the primary groups, such as airlines, trucking, railroads, air freight, transportation services and industrial services.