iShares U.S. Transportation ETF (BATS:IYT) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. boosted its stake in iShares U.S. Transportation ETF (BATS:IYT) by 182.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,394 shares of the exchange traded fund’s stock after acquiring an additional 5,426 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares U.S. Transportation ETF were worth $591,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IYT. Highlander Capital Management LLC acquired a new stake in shares of iShares U.S. Transportation ETF in the 4th quarter worth approximately $26,000. Norwood Financial Corp lifted its position in iShares U.S. Transportation ETF by 300.0% in the first quarter. Norwood Financial Corp now owns 500 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 375 shares during the period. Vima LLC bought a new position in iShares U.S. Transportation ETF during the 4th quarter valued at $77,000. Transcendent Capital Group LLC acquired a new position in shares of iShares U.S. Transportation ETF during the 4th quarter valued at $105,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of iShares U.S. Transportation ETF in the 3rd quarter worth $123,000.

iShares U.S. Transportation ETF Price Performance

Shares of iShares U.S. Transportation ETF stock traded up $0.21 during trading on Thursday, hitting $65.05. The stock had a trading volume of 149,258 shares. The business has a fifty day moving average of $64.84 and a two-hundred day moving average of $66.56. iShares U.S. Transportation ETF has a fifty-two week low of $157.65 and a fifty-two week high of $206.73. The firm has a market cap of $887.93 million, a P/E ratio of 4.53 and a beta of 1.11.

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.