Mmbg Investment Advisors CO. Decreases Stake in iShares U.S. Transportation ETF $IYT

Mmbg Investment Advisors CO. lowered its position in iShares U.S. Transportation ETF (BATS:IYT) by 52.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,280 shares of the exchange traded fund’s stock after selling 12,660 shares during the period. Mmbg Investment Advisors CO.’s holdings in iShares U.S. Transportation ETF were worth $840,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IYT. Two Sigma Investments LP lifted its holdings in iShares U.S. Transportation ETF by 1,296.9% in the 3rd quarter. Two Sigma Investments LP now owns 273,800 shares of the exchange traded fund’s stock valued at $19,634,000 after purchasing an additional 254,200 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in iShares U.S. Transportation ETF in the 3rd quarter valued at $7,058,000. Bank of America Corp DE lifted its holdings in iShares U.S. Transportation ETF by 54.6% in the 2nd quarter. Bank of America Corp DE now owns 255,098 shares of the exchange traded fund’s stock valued at $17,484,000 after purchasing an additional 90,131 shares in the last quarter. SG Americas Securities LLC lifted its holdings in iShares U.S. Transportation ETF by 1,601.2% in the 4th quarter. SG Americas Securities LLC now owns 91,833 shares of the exchange traded fund’s stock valued at $6,842,000 after purchasing an additional 86,435 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in iShares U.S. Transportation ETF by 100.0% in the 3rd quarter. Citigroup Inc. now owns 102,449 shares of the exchange traded fund’s stock valued at $7,347,000 after purchasing an additional 51,219 shares in the last quarter.

iShares U.S. Transportation ETF Stock Performance

Shares of IYT stock opened at $81.45 on Tuesday. The stock’s fifty day moving average is $78.11 and its two-hundred day moving average is $77.00. The firm has a market capitalization of $822.65 million, a P/E ratio of 16.05 and a beta of 1.25. iShares U.S. Transportation ETF has a fifty-two week low of $64.28 and a fifty-two week high of $83.24.

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.