Bessemer Group Inc. Invests $27,000 in iShares U.S. Transportation ETF (BATS:IYT)

Bessemer Group Inc. acquired a new position in shares of iShares U.S. Transportation ETF (BATS:IYT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 415 shares of the exchange traded fund’s stock, valued at approximately $27,000.

Several other large investors also recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of iShares U.S. Transportation ETF by 201.3% during the fourth quarter. Bank of America Corp DE now owns 535,197 shares of the exchange traded fund’s stock worth $36,163,000 after buying an additional 357,557 shares during the period. LPL Financial LLC grew its holdings in shares of iShares U.S. Transportation ETF by 55.0% during the fourth quarter. LPL Financial LLC now owns 272,954 shares of the exchange traded fund’s stock valued at $18,443,000 after buying an additional 96,850 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of iShares U.S. Transportation ETF during the fourth quarter valued at about $11,077,000. Two Sigma Investments LP boosted its holdings in iShares U.S. Transportation ETF by 139.3% during the fourth quarter. Two Sigma Investments LP now owns 140,000 shares of the exchange traded fund’s stock worth $9,460,000 after purchasing an additional 81,500 shares during the last quarter. Finally, EHP Funds Inc. purchased a new position in iShares U.S. Transportation ETF during the fourth quarter worth about $8,723,000.

iShares U.S. Transportation ETF Stock Performance

iShares U.S. Transportation ETF stock opened at $70.64 on Friday. iShares U.S. Transportation ETF has a fifty-two week low of $54.02 and a fifty-two week high of $75.59. The stock has a market cap of $724.06 million, a PE ratio of 16.77 and a beta of 1.26. The firm’s 50-day simple moving average is $65.90 and its 200 day simple moving average is $66.50.

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.