Commonwealth Equity Services LLC Cuts Stock Position in iShares U.S. Transportation ETF $IYT

Commonwealth Equity Services LLC lessened its holdings in iShares U.S. Transportation ETF (BATS:IYT) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,328 shares of the exchange traded fund’s stock after selling 10,043 shares during the period. Commonwealth Equity Services LLC owned about 0.70% of iShares U.S. Transportation ETF worth $5,240,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Tocqueville Asset Management L.P. purchased a new position in shares of iShares U.S. Transportation ETF in the 4th quarter valued at $1,309,000. First Financial Bankshares Inc increased its stake in iShares U.S. Transportation ETF by 4.6% during the 4th quarter. First Financial Bankshares Inc now owns 293,923 shares of the exchange traded fund’s stock worth $21,900,000 after buying an additional 12,900 shares during the period. Commonwealth Retirement Investments LLC purchased a new stake in iShares U.S. Transportation ETF during the 4th quarter worth $811,000. LPL Financial LLC increased its stake in iShares U.S. Transportation ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 223,052 shares of the exchange traded fund’s stock worth $16,620,000 after buying an additional 14,046 shares during the period. Finally, Parallel Advisors LLC increased its stake in iShares U.S. Transportation ETF by 54.7% during the 4th quarter. Parallel Advisors LLC now owns 990 shares of the exchange traded fund’s stock worth $74,000 after buying an additional 350 shares during the period.

iShares U.S. Transportation ETF Price Performance

iShares U.S. Transportation ETF stock opened at $84.61 on Friday. iShares U.S. Transportation ETF has a 12-month low of $64.34 and a 12-month high of $85.19. The company has a market capitalization of $854.56 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. The firm’s fifty day moving average price is $79.91 and its 200 day moving average price is $77.73.

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. 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.