McGuire Investment Group LLC Trims Stock Position in iShares U.S. Transportation ETF $IYT

McGuire Investment Group LLC decreased its position in iShares U.S. Transportation ETF (BATS:IYT) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,639 shares of the exchange traded fund’s stock after selling 186 shares during the quarter. McGuire Investment Group LLC owned 0.39% of iShares U.S. Transportation ETF worth $2,717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in iShares U.S. Transportation ETF by 33.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,393 shares of the exchange traded fund’s stock valued at $345,000 after purchasing an additional 1,346 shares during the period. Bessemer Group Inc. purchased a new stake in iShares U.S. Transportation ETF in the first quarter valued at approximately $27,000. Sequoia Financial Advisors LLC purchased a new stake in iShares U.S. Transportation ETF in the first quarter valued at approximately $315,000. Raymond James Financial Inc. raised its position in iShares U.S. Transportation ETF by 52.3% in the first quarter. Raymond James Financial Inc. now owns 84,630 shares of the exchange traded fund’s stock valued at $5,419,000 after purchasing an additional 29,060 shares during the period. Finally, Oppenheimer & Co. Inc. raised its position in iShares U.S. Transportation ETF by 16.0% in the first quarter. Oppenheimer & Co. Inc. now owns 4,832 shares of the exchange traded fund’s stock valued at $309,000 after purchasing an additional 668 shares during the period.

iShares U.S. Transportation ETF Stock Up 2.4%

Shares of BATS IYT opened at $71.23 on Thursday. The firm has a market cap of $719.43 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. iShares U.S. Transportation ETF has a 52-week low of $54.02 and a 52-week high of $75.59. The business’s 50 day moving average is $70.47 and its two-hundred day moving average is $66.92.

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.