iShares U.S. Transportation ETF $IYT Shares Purchased by Royal Bank of Canada

Royal Bank of Canada increased its stake in shares of iShares U.S. Transportation ETF (BATS:IYT) by 8.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,251 shares of the exchange traded fund’s stock after buying an additional 6,262 shares during the quarter. Royal Bank of Canada owned about 0.76% of iShares U.S. Transportation ETF worth $5,764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IYT. Odyssey Capital Advisors Inc. bought a new position in shares of iShares U.S. Transportation ETF in the fourth quarter valued at approximately $530,000. Florin Court Capital LLP boosted its holdings in shares of iShares U.S. Transportation ETF by 152.9% during the 4th quarter. Florin Court Capital LLP now owns 47,800 shares of the exchange traded fund’s stock worth $3,562,000 after buying an additional 28,900 shares during the period. BNP Paribas Financial Markets grew its stake in iShares U.S. Transportation ETF by 205,850.0% in the 4th quarter. BNP Paribas Financial Markets now owns 350,115 shares of the exchange traded fund’s stock valued at $26,087,000 after buying an additional 349,945 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in iShares U.S. Transportation ETF by 142.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 40,281 shares of the exchange traded fund’s stock valued at $3,061,000 after buying an additional 23,681 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new position in iShares U.S. Transportation ETF in the 4th quarter worth $811,000.

iShares U.S. Transportation ETF Price Performance

iShares U.S. Transportation ETF stock opened at $86.95 on Thursday. The firm has a market cap of $878.20 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. iShares U.S. Transportation ETF has a fifty-two week low of $68.10 and a fifty-two week high of $90.06. The firm has a fifty day moving average price of $86.61 and a two-hundred day moving average price of $81.72.

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.