Paragon Private Wealth Management LLC Acquires Shares of 11,469 iShares U.S. Transportation ETF $IYT

Paragon Private Wealth Management LLC purchased a new stake in shares of iShares U.S. Transportation ETF (BATS:IYT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,469 shares of the exchange traded fund’s stock, valued at approximately $995,000. Paragon Private Wealth Management LLC owned about 0.11% of iShares U.S. Transportation ETF as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IYT. BNP Paribas Financial Markets grew its stake in shares of iShares U.S. Transportation ETF by 205,850.0% in the fourth quarter. BNP Paribas Financial Markets now owns 350,115 shares of the exchange traded fund’s stock worth $26,087,000 after purchasing an additional 349,945 shares during the last quarter. Two Sigma Investments LP raised its position in iShares U.S. Transportation ETF by 1,296.9% during the 3rd quarter. Two Sigma Investments LP now owns 273,800 shares of the exchange traded fund’s stock valued at $19,634,000 after purchasing an additional 254,200 shares during the last quarter. Nwam LLC purchased a new stake in iShares U.S. Transportation ETF in the 2nd quarter worth approximately $16,682,000. Wells Fargo & Company MN lifted its holdings in iShares U.S. Transportation ETF by 60.1% in the 4th quarter. Wells Fargo & Company MN now owns 359,247 shares of the exchange traded fund’s stock worth $26,767,000 after buying an additional 134,924 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of iShares U.S. Transportation ETF in the 4th quarter worth approximately $8,338,000.

iShares U.S. Transportation ETF Stock Performance

IYT opened at $83.32 on Thursday. The stock has a market capitalization of $841.53 million, a PE ratio of 16.05 and a beta of 1.25. The stock’s 50 day moving average price is $87.03 and its 200-day moving average price is $82.47. iShares U.S. Transportation ETF has a 52-week low of $68.10 and a 52-week high of $90.06.

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.