Grimes & Company Inc. Makes New Investment in iShares U.S. Transportation ETF $IYT

Grimes & Company Inc. purchased a new stake in iShares U.S. Transportation ETF (BATS:IYT) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 51,487 shares of the exchange traded fund’s stock, valued at approximately $3,529,000. Grimes & Company Inc. owned about 0.51% of iShares U.S. Transportation ETF as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bessemer Group Inc. purchased a new stake in iShares U.S. Transportation ETF in the 1st quarter valued at about $27,000. Ameritas Advisory Services LLC acquired a new stake in shares of iShares U.S. Transportation ETF during the second quarter valued at about $49,000. Harbour Investments Inc. raised its stake in shares of iShares U.S. Transportation ETF by 56.5% in the 1st quarter. Harbour Investments Inc. now owns 1,127 shares of the exchange traded fund’s stock valued at $72,000 after acquiring an additional 407 shares during the period. Naples Global Advisors LLC acquired a new position in shares of iShares U.S. Transportation ETF in the 2nd quarter worth approximately $214,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of iShares U.S. Transportation ETF during the 1st quarter worth approximately $202,000.

iShares U.S. Transportation ETF Stock Performance

iShares U.S. Transportation ETF stock opened at $73.28 on Tuesday. The company has a market capitalization of $740.15 million, a PE ratio of 16.05 and a beta of 1.25. iShares U.S. Transportation ETF has a fifty-two week low of $54.02 and a fifty-two week high of $75.59. The firm has a 50 day moving average price of $70.56 and a 200 day moving average price of $67.08.

iShares U.S. Transportation ETF Company 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.