iShares U.S. Transportation ETF (BATS:IYT) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. grew its stake in iShares U.S. Transportation ETF (BATS:IYT) by 182.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,394 shares of the exchange traded fund’s stock after buying an additional 5,426 shares during the quarter. Kovack Advisors Inc. owned 0.06% of iShares U.S. Transportation ETF worth $591,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IYT. Highlander Capital Management LLC acquired a new stake in shares of iShares U.S. Transportation ETF during the 4th quarter worth approximately $26,000. Vima LLC purchased a new stake in iShares U.S. Transportation ETF during the fourth quarter worth $77,000. Transcendent Capital Group LLC acquired a new stake in iShares U.S. Transportation ETF during the fourth quarter valued at $105,000. Norwood Financial Corp increased its holdings in iShares U.S. Transportation ETF by 300.0% in the first quarter. Norwood Financial Corp now owns 500 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 375 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of iShares U.S. Transportation ETF in the third quarter worth about $123,000.

iShares U.S. Transportation ETF Price Performance

IYT stock traded up $0.21 during mid-day trading on Thursday, reaching $65.05. 149,258 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $64.84 and its 200 day moving average is $66.56. iShares U.S. Transportation ETF has a 12-month low of $157.65 and a 12-month high of $206.73. The company has a market cap of $887.93 million, a price-to-earnings ratio of 4.53 and a beta of 1.11.

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.