11,566 iShares U.S. Transportation ETF $IYT Shares Sold by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC decreased its position in iShares U.S. Transportation ETF (BATS:IYT) by 48.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,514 shares of the exchange traded fund’s stock after selling 11,566 shares during the quarter. New Wave Wealth Advisors LLC owned 0.12% of iShares U.S. Transportation ETF worth $999,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc bought a new stake in shares of iShares U.S. Transportation ETF in the 3rd quarter valued at approximately $938,000. Harrell Investment Partners LLC lifted its stake in iShares U.S. Transportation ETF by 6.9% during the third quarter. Harrell Investment Partners LLC now owns 5,533 shares of the exchange traded fund’s stock worth $434,000 after purchasing an additional 358 shares during the last quarter. Mather Group LLC. bought a new position in iShares U.S. Transportation ETF during the third quarter worth $117,000. Farther Finance Advisors LLC lifted its stake in iShares U.S. Transportation ETF by 116.5% during the third quarter. Farther Finance Advisors LLC now owns 526 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 283 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in iShares U.S. Transportation ETF in the third quarter worth $2,544,000.

iShares U.S. Transportation ETF Trading Down 0.6%

iShares U.S. Transportation ETF stock traded down $0.50 during mid-day trading on Monday, reaching $79.53. The company’s stock had a trading volume of 261,005 shares, compared to its average volume of 782,169. iShares U.S. Transportation ETF has a twelve month low of $68.10 and a twelve month high of $90.06. The business has a 50 day moving average price of $82.70 and a 200-day moving average price of $83.19. The firm has a market cap of $803.28 million, a price-to-earnings ratio of 16.05 and a beta of 1.25.

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.