Renaissance Technologies LLC Takes $1.10 Million Position in iShares U.S. Transportation ETF $IYT

Renaissance Technologies LLC purchased a new stake in shares of iShares U.S. Transportation ETF (BATS:IYT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,800 shares of the exchange traded fund’s stock, valued at approximately $1,104,000. Renaissance Technologies LLC owned 0.15% of iShares U.S. Transportation ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of IYT. NewEdge Advisors LLC lifted its holdings in iShares U.S. Transportation ETF by 233.9% in the first 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 period. Cerity Partners LLC acquired a new position in iShares U.S. Transportation ETF during the 2nd quarter valued at about $388,000. Raymond James Financial Inc. increased its stake in iShares U.S. Transportation ETF by 8.4% during 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 buying an additional 7,112 shares during the period. Bank of America Corp DE raised its position in shares of iShares U.S. Transportation ETF by 54.6% during 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 buying an additional 90,131 shares in the last quarter. Finally, WFA of San Diego LLC bought a new stake in shares of iShares U.S. Transportation ETF during the 2nd quarter worth about $69,000.

iShares U.S. Transportation ETF Trading Down 0.8%

Shares of BATS:IYT opened at $87.43 on Friday. The company has a 50 day moving average of $86.74 and a 200-day moving average of $81.84. The firm has a market cap of $883.04 million, a P/E 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.