Hudson Bay Capital Management LP Buys Shares of 98,422 iShares U.S. Transportation ETF $IYT

Hudson Bay Capital Management LP purchased a new position in shares of iShares U.S. Transportation ETF (BATS:IYT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 98,422 shares of the exchange traded fund’s stock, valued at approximately $7,058,000. Hudson Bay Capital Management LP owned about 0.97% of iShares U.S. Transportation ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management lifted its stake in shares of iShares U.S. Transportation ETF by 7.0% during the third quarter. Spire Wealth Management now owns 2,633 shares of the exchange traded fund’s stock valued at $189,000 after buying an additional 173 shares during the period. Massachusetts Wealth Management grew its stake in iShares U.S. Transportation ETF by 3.3% in the 3rd quarter. Massachusetts Wealth Management now owns 16,463 shares of the exchange traded fund’s stock worth $1,181,000 after acquiring an additional 530 shares during the period. WFA of San Diego LLC acquired a new position in iShares U.S. Transportation ETF in the 2nd quarter valued at $69,000. J.W. Cole Advisors Inc. raised its holdings in iShares U.S. Transportation ETF by 4.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 28,098 shares of the exchange traded fund’s stock valued at $2,015,000 after acquiring an additional 1,224 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of iShares U.S. Transportation ETF by 4.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 29,813 shares of the exchange traded fund’s stock worth $2,137,000 after purchasing an additional 1,267 shares during the period.

iShares U.S. Transportation ETF Stock Down 1.1%

Shares of iShares U.S. Transportation ETF stock opened at $73.08 on Friday. iShares U.S. Transportation ETF has a fifty-two week low of $54.02 and a fifty-two week high of $83.07. The business’s fifty day moving average is $78.43 and its two-hundred day moving average is $74.64. The firm has a market cap of $738.11 million, a PE ratio of 16.05 and a beta of 1.25.

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.