Sovran Advisors LLC Decreases Stock Position in iShares U.S. Transportation ETF $IYT

Sovran Advisors LLC cut its stake in shares of iShares U.S. Transportation ETF (BATS:IYT) by 59.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,006 shares of the exchange traded fund’s stock after selling 4,429 shares during the quarter. Sovran Advisors LLC’s holdings in iShares U.S. Transportation ETF were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Howe & Rusling Inc. increased its stake in shares of iShares U.S. Transportation ETF by 6.2% in the 1st quarter. Howe & Rusling Inc. now owns 3,244 shares of the exchange traded fund’s stock worth $208,000 after purchasing an additional 188 shares in the last quarter. Indie Asset Partners LLC boosted its holdings in shares of iShares U.S. Transportation ETF by 1.4% during the 1st quarter. Indie Asset Partners LLC now owns 14,462 shares of the exchange traded fund’s stock valued at $926,000 after purchasing an additional 200 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of iShares U.S. Transportation ETF by 56.5% during the 1st quarter. Harbour Investments Inc. now owns 1,127 shares of the exchange traded fund’s stock valued at $72,000 after purchasing an additional 407 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of iShares U.S. Transportation ETF during the 1st quarter valued at about $27,000. Finally, Merit Financial Group LLC raised its position in shares of iShares U.S. Transportation ETF by 8.3% during the 1st quarter. Merit Financial Group LLC now owns 7,787 shares of the exchange traded fund’s stock valued at $499,000 after buying an additional 596 shares in the last quarter.

iShares U.S. Transportation ETF Trading Up 2.7%

Shares of BATS IYT opened at $71.45 on Friday. The firm’s 50-day moving average price is $70.31 and its 200-day moving average price is $66.62. The stock has a market capitalization of $721.65 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. iShares U.S. Transportation ETF has a 12-month low of $54.02 and a 12-month high of $75.59.

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.