20,183 Shares in iShares U.S. Transportation ETF $IYT Bought by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in shares of iShares U.S. Transportation ETF (BATS:IYT) during the 3rd quarter, Holdings Channel reports. The fund purchased 20,183 shares of the exchange traded fund’s stock, valued at approximately $1,585,000.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in iShares U.S. Transportation ETF by 21,349.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,302,141 shares of the exchange traded fund’s stock valued at $199,711,000 after purchasing an additional 2,291,408 shares during the last quarter. WestEnd Advisors LLC bought a new stake in shares of iShares U.S. Transportation ETF during the third quarter worth $116,702,000. Nwam LLC bought a new stake in shares of iShares U.S. Transportation ETF during the second quarter worth $16,682,000. Investors Research Corp bought a new stake in shares of iShares U.S. Transportation ETF during the second quarter worth $7,921,000. Finally, Bank of America Corp DE increased its holdings in shares of iShares U.S. Transportation ETF by 26.5% during the first quarter. Bank of America Corp DE now owns 408,579 shares of the exchange traded fund’s stock worth $30,480,000 after buying an additional 85,669 shares in the last quarter.

iShares U.S. Transportation ETF Stock Performance

Shares of BATS:IYT opened at $82.68 on Wednesday. iShares U.S. Transportation ETF has a 52-week low of $68.10 and a 52-week high of $90.06. The company has a market capitalization of $2.03 billion, a PE ratio of 19.56 and a beta of 1.20. The company has a fifty day moving average of $81.36 and a 200-day moving average of $81.73.

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. 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.