Thrivent Financial for Lutherans Lowers Holdings in iShares U.S. Transportation ETF $IYT

Thrivent Financial for Lutherans reduced its stake in shares of iShares U.S. Transportation ETF (BATS:IYT) by 23.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,583 shares of the exchange traded fund’s stock after selling 8,000 shares during the quarter. Thrivent Financial for Lutherans’ holdings in iShares U.S. Transportation ETF were worth $1,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of IYT. JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Transportation ETF by 1,520.4% during the second quarter. JPMorgan Chase & Co. now owns 1,816,730 shares of the exchange traded fund’s stock worth $124,519,000 after acquiring an additional 1,704,613 shares during the last quarter. Bank of America Corp DE lifted its stake in iShares U.S. Transportation ETF by 54.6% in the 2nd quarter. Bank of America Corp DE now owns 255,098 shares of the exchange traded fund’s stock worth $17,484,000 after purchasing an additional 90,131 shares in the last quarter. Stenger Family Office LLC purchased a new stake in iShares U.S. Transportation ETF in the 3rd quarter worth $3,673,000. J.W. Cole Advisors Inc. bought a new position in shares of iShares U.S. Transportation ETF during the 2nd quarter valued at about $1,842,000. Finally, Florin Court Capital LLP purchased a new position in shares of iShares U.S. Transportation ETF during the third quarter valued at about $1,355,000.

iShares U.S. Transportation ETF Trading Down 0.8%

Shares of IYT stock opened at $81.45 on Thursday. The stock has a market capitalization of $822.65 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. iShares U.S. Transportation ETF has a 12-month low of $54.02 and a 12-month high of $83.07. The stock’s 50-day moving average price is $77.01 and its 200-day moving average price is $73.09.

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.