Meridian Wealth Management LLC Takes $345,000 Position in iShares U.S. Transportation ETF (BATS:IYT)

Meridian Wealth Management LLC bought a new stake in shares of iShares U.S. Transportation ETF (BATS:IYT) during the 4th quarter, Holdings Channel reports. The fund bought 5,104 shares of the exchange traded fund’s stock, valued at approximately $345,000.

Several other hedge funds have also recently made changes to their positions in IYT. US Bancorp DE purchased a new position in shares of iShares U.S. Transportation ETF during the fourth quarter valued at approximately $33,000. Sanctuary Wealth Management L.L.C. bought a new position in iShares U.S. Transportation ETF in the third quarter worth $41,000. ORG Partners LLC bought a new position in iShares U.S. Transportation ETF in the fourth quarter worth $54,000. IFP Advisors Inc bought a new position in iShares U.S. Transportation ETF in the fourth quarter worth $61,000. Finally, Global Retirement Partners LLC raised its holdings in iShares U.S. Transportation ETF by 653.4% in the fourth quarter. Global Retirement Partners LLC now owns 1,567 shares of the exchange traded fund’s stock worth $106,000 after purchasing an additional 1,359 shares in the last quarter.

iShares U.S. Transportation ETF Trading Down 1.5 %

IYT opened at $68.49 on Thursday. The stock has a fifty day simple moving average of $70.20 and a two-hundred day simple moving average of $69.83. The company has a market cap of $623.21 million, a price-to-earnings ratio of 22.25 and a beta of 1.22. iShares U.S. Transportation ETF has a 12-month low of $157.65 and a 12-month high of $206.73.

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.