The Manufacturers Life Insurance Company Takes Position in iShares U.S. Transportation ETF $IYT

The Manufacturers Life Insurance Company bought a new position in shares of iShares U.S. Transportation ETF (BATS:IYT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,035 shares of the exchange traded fund’s stock, valued at approximately $2,085,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in shares of iShares U.S. Transportation ETF by 233.9% during the 1st quarter. NewEdge Advisors LLC now owns 12,589 shares of the exchange traded fund’s stock worth $806,000 after purchasing an additional 8,819 shares during the last quarter. Cerity Partners LLC acquired a new stake in iShares U.S. Transportation ETF in the 2nd quarter valued at about $388,000. Raymond James Financial Inc. lifted its stake in iShares U.S. Transportation ETF by 8.4% in the 2nd quarter. Raymond James Financial Inc. now owns 91,742 shares of the exchange traded fund’s stock valued at $6,288,000 after purchasing an additional 7,112 shares during the last quarter. Bank of America Corp DE grew its holdings in iShares U.S. Transportation ETF by 54.6% during the second 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 during the period. Finally, WFA of San Diego LLC bought a new position in iShares U.S. Transportation ETF during the second quarter worth about $69,000.

iShares U.S. Transportation ETF Price Performance

Shares of BATS IYT opened at $82.14 on Monday. The business’s 50 day moving average price is $86.41 and its two-hundred day moving average price is $82.58. The company has a market cap of $829.61 million, a PE ratio of 16.05 and a beta of 1.25. iShares U.S. Transportation ETF has a twelve month low of $68.10 and a twelve month high of $90.06.

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.