Northern Trust Corp Lowers Stock Holdings in iShares U.S. Transportation ETF (BATS:IYT)

Northern Trust Corp trimmed its position in iShares U.S. Transportation ETF (BATS:IYT) by 19.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,852 shares of the exchange traded fund’s stock after selling 2,072 shares during the quarter. Northern Trust Corp’s holdings in iShares U.S. Transportation ETF were worth $598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP raised its stake in iShares U.S. Transportation ETF by 23.3% in the fourth quarter. Allworth Financial LP now owns 1,815 shares of the exchange traded fund’s stock valued at $130,000 after purchasing an additional 343 shares in the last quarter. JPMorgan Chase & Co. raised its stake in iShares U.S. Transportation ETF by 13.0% in the fourth quarter. JPMorgan Chase & Co. now owns 71,880 shares of the exchange traded fund’s stock valued at $4,857,000 after purchasing an additional 8,273 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in iShares U.S. Transportation ETF in the fourth quarter valued at approximately $3,755,000. IFP Advisors Inc purchased a new stake in iShares U.S. Transportation ETF in the fourth quarter valued at approximately $61,000. Finally, US Bancorp DE purchased a new stake in iShares U.S. Transportation ETF in the fourth quarter valued at approximately $33,000.

iShares U.S. Transportation ETF Price Performance

Shares of IYT opened at $65.43 on Friday. The firm’s 50 day simple moving average is $62.53 and its 200 day simple moving average is $67.50. The company has a market capitalization of $700.10 million, a P/E ratio of 16.77 and a beta of 1.26. iShares U.S. Transportation ETF has a 1-year low of $54.02 and a 1-year high of $75.59.

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.