Sunburst Financial Group LLC Takes $5.08 Million Position in iShares U.S. Transportation ETF $IYT

Sunburst Financial Group LLC purchased a new position in iShares U.S. Transportation ETF (BATS:IYT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,544 shares of the exchange traded fund’s stock, valued at approximately $5,079,000. iShares U.S. Transportation ETF accounts for 0.8% of Sunburst Financial Group LLC’s holdings, making the stock its 20th biggest position. Sunburst Financial Group LLC owned approximately 0.58% of iShares U.S. Transportation ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CoreCap Advisors LLC bought a new position in iShares U.S. Transportation ETF in the 2nd quarter valued at $28,000. Cornerstone Planning Group LLC bought a new stake in shares of iShares U.S. Transportation ETF during the first quarter worth $30,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of iShares U.S. Transportation ETF during the first quarter worth $30,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of iShares U.S. Transportation ETF during the fourth quarter worth $33,000. Finally, CWM LLC boosted its stake in shares of iShares U.S. Transportation ETF by 103.4% during the fourth quarter. CWM LLC now owns 480 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 244 shares during the period.

iShares U.S. Transportation ETF Trading Down 2.6%

BATS IYT opened at $82.93 on Wednesday. The company’s 50-day moving average price is $87.07 and its 200-day moving average price is $82.44. The stock has a market cap of $837.59 million, a PE ratio of 16.05 and a beta of 1.25. iShares U.S. Transportation ETF has a 12 month low of $68.10 and a 12 month high of $90.06.

iShares U.S. Transportation ETF Company 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.