JPMorgan Chase & Co. Buys 1,704,613 Shares of iShares U.S. Transportation ETF $IYT

JPMorgan Chase & Co. lifted its stake in iShares U.S. Transportation ETF (BATS:IYT) by 1,520.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,816,730 shares of the exchange traded fund’s stock after buying an additional 1,704,613 shares during the quarter. JPMorgan Chase & Co. owned 0.18% of iShares U.S. Transportation ETF worth $124,519,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Howe & Rusling Inc. raised its stake in iShares U.S. Transportation ETF by 6.2% in the first quarter. Howe & Rusling Inc. now owns 3,244 shares of the exchange traded fund’s stock worth $208,000 after buying an additional 188 shares in the last quarter. Massachusetts Wealth Management grew its holdings in shares of iShares U.S. Transportation ETF by 1.5% during the 2nd quarter. Massachusetts Wealth Management now owns 15,933 shares of the exchange traded fund’s stock worth $1,092,000 after acquiring an additional 235 shares during the period. Valmark Advisers Inc. grew its holdings in shares of iShares U.S. Transportation ETF by 8.9% during the 2nd quarter. Valmark Advisers Inc. now owns 4,607 shares of the exchange traded fund’s stock worth $316,000 after acquiring an additional 377 shares during the period. Harbour Investments Inc. raised its position in shares of iShares U.S. Transportation ETF by 56.5% in the 1st quarter. Harbour Investments Inc. now owns 1,127 shares of the exchange traded fund’s stock worth $72,000 after acquiring an additional 407 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of iShares U.S. Transportation ETF in the 2nd quarter worth approximately $49,000.

iShares U.S. Transportation ETF Stock Up 4.2%

IYT opened at $72.48 on Thursday. iShares U.S. Transportation ETF has a 52 week low of $54.02 and a 52 week high of $75.59. The stock has a market cap of $732.06 million, a PE ratio of 16.05 and a beta of 1.25. The business has a 50 day moving average of $71.35 and a 200-day moving average of $69.74.

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.