Paragon Private Wealth Management LLC Makes New $995,000 Investment in iShares U.S. Transportation ETF $IYT

Paragon Private Wealth Management LLC acquired a new stake in shares of iShares U.S. Transportation ETF (BATS:IYT) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 11,469 shares of the exchange traded fund’s stock, valued at approximately $995,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC bought a new position in shares of iShares U.S. Transportation ETF in the 2nd quarter worth approximately $28,000. Cornerstone Planning Group LLC bought a new stake in shares of iShares U.S. Transportation ETF during the first quarter valued at approximately $30,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in iShares U.S. Transportation ETF in the first quarter worth $30,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in iShares U.S. Transportation ETF in the fourth quarter worth $33,000. Finally, CWM LLC raised its holdings in iShares U.S. Transportation ETF by 103.4% in the fourth quarter. CWM LLC now owns 480 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 244 shares in the last quarter.

iShares U.S. Transportation ETF Trading Up 0.5%

Shares of iShares U.S. Transportation ETF stock opened at $83.32 on Thursday. The firm has a market capitalization of $841.53 million, a P/E ratio of 16.05 and a beta of 1.25. The business has a fifty day simple moving average of $87.03 and a two-hundred day simple moving average of $82.47. iShares U.S. Transportation ETF has a 12 month low of $68.10 and a 12 month high of $90.06.

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. 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.