Royal Bank of Canada Acquires 6,262 Shares of iShares U.S. Transportation ETF $IYT

Royal Bank of Canada raised its holdings in shares of iShares U.S. Transportation ETF (BATS:IYT) by 8.8% in the first quarter, Holdings Channel reports. The institutional investor owned 77,251 shares of the exchange traded fund’s stock after buying an additional 6,262 shares during the quarter. Royal Bank of Canada’s holdings in iShares U.S. Transportation ETF were worth $5,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Odyssey Capital Advisors Inc. purchased a new position in iShares U.S. Transportation ETF in the 4th quarter worth about $530,000. Florin Court Capital LLP boosted its holdings in shares of iShares U.S. Transportation ETF by 152.9% during the 4th quarter. Florin Court Capital LLP now owns 47,800 shares of the exchange traded fund’s stock valued at $3,562,000 after acquiring an additional 28,900 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of iShares U.S. Transportation ETF by 205,850.0% during the 4th quarter. BNP Paribas Financial Markets now owns 350,115 shares of the exchange traded fund’s stock valued at $26,087,000 after acquiring an additional 349,945 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares U.S. Transportation ETF by 142.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 40,281 shares of the exchange traded fund’s stock worth $3,061,000 after acquiring an additional 23,681 shares during the period. Finally, Commonwealth Retirement Investments LLC purchased a new position in shares of iShares U.S. Transportation ETF during the fourth quarter valued at approximately $811,000.

iShares U.S. Transportation ETF Stock Down 0.0%

Shares of iShares U.S. Transportation ETF stock opened at $86.95 on Thursday. The company has a market cap of $878.20 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. The company’s 50 day moving average is $86.61 and its 200 day moving average is $81.72. iShares U.S. Transportation ETF has a twelve month low of $68.10 and a twelve month high of $90.06.

About iShares U.S. Transportation ETF

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.