Gateway Wealth Partners LLC Makes New $259,000 Investment in iShares U.S. Transportation ETF (BATS:IYT)

Gateway Wealth Partners LLC purchased a new position in iShares U.S. Transportation ETF (BATS:IYT) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 3,834 shares of the exchange traded fund’s stock, valued at approximately $259,000.

Other institutional investors also recently modified their holdings of the company. National Bank of Canada FI lifted its stake in iShares U.S. Transportation ETF by 20,513.2% in the third quarter. National Bank of Canada FI now owns 101,829 shares of the exchange traded fund’s stock valued at $7,017,000 after buying an additional 101,335 shares during the period. Barclays PLC increased its stake in shares of iShares U.S. Transportation ETF by 48.7% in the 3rd quarter. Barclays PLC now owns 297,319 shares of the exchange traded fund’s stock valued at $20,488,000 after acquiring an additional 97,319 shares in the last quarter. Verity & Verity LLC acquired a new position in shares of iShares U.S. Transportation ETF during the 3rd quarter valued at $4,660,000. Albion Financial Group UT bought a new position in iShares U.S. Transportation ETF during the fourth quarter worth $4,334,000. Finally, Cox Capital Mgt LLC acquired a new stake in iShares U.S. Transportation ETF in the fourth quarter worth $3,565,000.

iShares U.S. Transportation ETF Trading Up 3.5 %

Shares of BATS IYT opened at $71.98 on Thursday. The firm has a market capitalization of $982.55 million, a P/E ratio of 4.53 and a beta of 1.11. The firm’s 50-day moving average price is $70.64 and its 200-day moving average price is $68.82. iShares U.S. Transportation ETF has a 1-year low of $157.65 and a 1-year high of $206.73.

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.