Leuthold Group LLC Purchases New Shares in iShares U.S. Transportation ETF $IYT

Leuthold Group LLC purchased a new position in shares of iShares U.S. Transportation ETF (BATS:IYT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,354 shares of the exchange traded fund’s stock, valued at approximately $1,049,000.

Several other hedge funds have also recently modified their holdings of IYT. Envestnet Asset Management Inc. grew its position in iShares U.S. Transportation ETF by 21,349.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,302,141 shares of the exchange traded fund’s stock valued at $199,711,000 after buying an additional 2,291,408 shares during the last quarter. WestEnd Advisors LLC acquired a new position in iShares U.S. Transportation ETF in the 3rd quarter valued at $116,702,000. Bank of America Corp DE raised its position in iShares U.S. Transportation ETF by 26.5% during the 1st quarter. Bank of America Corp DE now owns 408,579 shares of the exchange traded fund’s stock worth $30,480,000 after buying an additional 85,669 shares during the last quarter. Nwam LLC purchased a new position in iShares U.S. Transportation ETF during the 2nd quarter worth $16,682,000. Finally, Investors Research Corp purchased a new position in iShares U.S. Transportation ETF during the 2nd quarter worth $7,921,000.

iShares U.S. Transportation ETF Stock Performance

IYT stock opened at $83.82 on Wednesday. iShares U.S. Transportation ETF has a one year low of $68.10 and a one year high of $90.06. The stock has a market capitalization of $2.06 billion, a PE ratio of 19.56 and a beta of 1.20. The company has a fifty day moving average of $81.02 and a 200-day moving average of $81.87.

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.