Hudson Bay Capital Management LP Makes New Investment in iShares U.S. Transportation ETF $IYT

Hudson Bay Capital Management LP acquired a new stake in iShares U.S. Transportation ETF (BATS:IYT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 98,422 shares of the exchange traded fund’s stock, valued at approximately $7,058,000.

Several other large investors also recently modified their holdings of the business. WFA of San Diego LLC purchased a new stake in shares of iShares U.S. Transportation ETF during the second quarter worth about $69,000. Mather Group LLC. purchased a new position in iShares U.S. Transportation ETF in the third quarter valued at about $107,000. Advisory Services Network LLC purchased a new position in iShares U.S. Transportation ETF in the third quarter valued at about $118,000. Spire Wealth Management grew its stake in iShares U.S. Transportation ETF by 7.0% during the 3rd quarter. Spire Wealth Management now owns 2,633 shares of the exchange traded fund’s stock valued at $189,000 after purchasing an additional 173 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in iShares U.S. Transportation ETF by 183.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,304 shares of the exchange traded fund’s stock valued at $364,000 after purchasing an additional 3,436 shares in the last quarter.

iShares U.S. Transportation ETF Stock Down 1.1%

IYT stock opened at $73.08 on Friday. The stock’s 50 day moving average is $78.43 and its two-hundred day moving average is $74.64. iShares U.S. Transportation ETF has a 52-week low of $54.02 and a 52-week high of $83.07. The company has a market capitalization of $738.11 million, a PE ratio of 16.05 and a beta of 1.25.

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.