WestEnd Advisors LLC Purchases 1,486,240 Shares of iShares U.S. Transportation ETF $IYT

WestEnd Advisors LLC purchased a new position in iShares U.S. Transportation ETF (BATS:IYT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,486,240 shares of the exchange traded fund’s stock, valued at approximately $116,702,000. iShares U.S. Transportation ETF makes up 2.6% of WestEnd Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. WestEnd Advisors LLC owned 0.15% of iShares U.S. Transportation ETF as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in iShares U.S. Transportation ETF in the third quarter worth about $395,000. Oppenheimer & Co. Inc. bought a new position in iShares U.S. Transportation ETF in the 3rd quarter valued at about $326,000. Park Avenue Securities LLC bought a new position in iShares U.S. Transportation ETF in the 3rd quarter valued at about $411,000. Signaturefd LLC bought a new position in iShares U.S. Transportation ETF in the 3rd quarter valued at about $49,000. Finally, Manchester Capital Management LLC acquired a new position in iShares U.S. Transportation ETF during the 3rd quarter valued at about $34,000.

iShares U.S. Transportation ETF Trading Up 1.8%

iShares U.S. Transportation ETF stock opened at $82.16 on Wednesday. iShares U.S. Transportation ETF has a 52 week low of $68.10 and a 52 week high of $90.06. The stock has a market cap of $829.82 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. The company’s 50-day moving average price is $81.83 and its two-hundred day moving average price is $81.63.

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.