Bank of New York Mellon Corp Invests $293,000 in iShares U.S. Transportation ETF (BATS:IYT)

Bank of New York Mellon Corp acquired a new position in iShares U.S. Transportation ETF (BATS:IYT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,342 shares of the exchange traded fund’s stock, valued at approximately $293,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IYT. Allworth Financial LP grew its position in shares of iShares U.S. Transportation ETF by 23.3% in the 4th quarter. Allworth Financial LP now owns 1,815 shares of the exchange traded fund’s stock valued at $130,000 after buying an additional 343 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares U.S. Transportation ETF by 371.9% in the third quarter. JPMorgan Chase & Co. now owns 63,607 shares of the exchange traded fund’s stock valued at $4,383,000 after acquiring an additional 50,129 shares during the last quarter. IFP Advisors Inc acquired a new stake in iShares U.S. Transportation ETF during the 4th quarter valued at approximately $61,000. Mutual Advisors LLC raised its holdings in iShares U.S. Transportation ETF by 8.6% during the 4th quarter. Mutual Advisors LLC now owns 4,149 shares of the exchange traded fund’s stock worth $296,000 after purchasing an additional 330 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of iShares U.S. Transportation ETF by 37.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 166,539 shares of the exchange traded fund’s stock worth $11,476,000 after purchasing an additional 45,127 shares during the period.

iShares U.S. Transportation ETF Stock Performance

BATS:IYT opened at $63.67 on Friday. iShares U.S. Transportation ETF has a 52 week low of $60.10 and a 52 week high of $75.59. The firm’s fifty day moving average is $69.03 and its 200-day moving average is $69.71. The firm has a market cap of $601.67 million, a P/E ratio of 17.77 and a beta of 1.21.

About iShares U.S. Transportation ETF

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.