Runnymede Capital Advisors Inc. Makes New Investment in iShares U.S. Transportation ETF (BATS:IYT)

Runnymede Capital Advisors Inc. bought a new position in shares of iShares U.S. Transportation ETF (BATS:IYT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,544 shares of the exchange traded fund’s stock, valued at approximately $172,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthfront Advisers LLC acquired a new position in shares of iShares U.S. Transportation ETF during the fourth quarter worth $680,000. Vestmark Advisory Solutions Inc. acquired a new position in shares of iShares U.S. Transportation ETF during the fourth quarter worth $3,113,000. Raymond James Financial Inc. acquired a new position in shares of iShares U.S. Transportation ETF during the fourth quarter worth $3,755,000. Meridian Wealth Management LLC acquired a new position in shares of iShares U.S. Transportation ETF during the fourth quarter worth $345,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of iShares U.S. Transportation ETF by 52.5% during the fourth quarter. Jones Financial Companies Lllp now owns 25,234 shares of the exchange traded fund’s stock worth $1,705,000 after purchasing an additional 8,683 shares during the period.

iShares U.S. Transportation ETF Stock Performance

Shares of BATS:IYT opened at $65.08 on Friday. The firm has a market cap of $615.02 million, a PE ratio of 18.35 and a beta of 1.21. The firm’s fifty day moving average is $69.48 and its 200-day moving average is $69.72. iShares U.S. Transportation ETF has a 52 week low of $60.10 and a 52 week high of $75.59.

iShares U.S. Transportation ETF 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.