Montecito Bank & Trust Takes Position in iShares Transportation Average ETF (IYT)

Montecito Bank & Trust acquired a new stake in iShares Transportation Average ETF (BATS:IYT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,623 shares of the exchange traded fund’s stock, valued at approximately $332,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its holdings in shares of iShares Transportation Average ETF by 6,899.3% in the second quarter. Envestnet Asset Management Inc. now owns 292,361 shares of the exchange traded fund’s stock valued at $54,446,000 after purchasing an additional 288,184 shares during the period. Morgan Stanley grew its holdings in shares of iShares Transportation Average ETF by 9.2% in the second quarter. Morgan Stanley now owns 218,529 shares of the exchange traded fund’s stock valued at $40,696,000 after purchasing an additional 18,406 shares during the period. Bank of America Corp DE grew its holdings in shares of iShares Transportation Average ETF by 0.7% in the second quarter. Bank of America Corp DE now owns 161,162 shares of the exchange traded fund’s stock valued at $30,013,000 after purchasing an additional 1,186 shares during the period. Wells Fargo & Company MN grew its holdings in shares of iShares Transportation Average ETF by 4.0% in the second quarter. Wells Fargo & Company MN now owns 99,350 shares of the exchange traded fund’s stock valued at $18,502,000 after purchasing an additional 3,791 shares during the period. Finally, UBS Group AG grew its holdings in shares of iShares Transportation Average ETF by 38.8% in the first quarter. UBS Group AG now owns 76,255 shares of the exchange traded fund’s stock valued at $14,261,000 after purchasing an additional 21,302 shares during the period.

Shares of IYT opened at $188.68 on Friday. iShares Transportation Average ETF has a 12-month low of $157.65 and a 12-month high of $206.73.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Thursday, September 27th were issued a $0.5038 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Wednesday, September 26th.

iShares Transportation Average 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.

Further Reading: What Is An Exchange-Traded Fund (ETF)?

Institutional Ownership by Quarter for iShares Transportation Average ETF (BATS:IYT)

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