New Wave Wealth Advisors LLC Sells 11,566 Shares of iShares U.S. Transportation ETF $IYT

New Wave Wealth Advisors LLC lowered its holdings in iShares U.S. Transportation ETF (BATS:IYT) by 48.0% during the third quarter, HoldingsChannel.com reports. The fund owned 12,514 shares of the exchange traded fund’s stock after selling 11,566 shares during the period. New Wave Wealth Advisors LLC’s holdings in iShares U.S. Transportation ETF were worth $999,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IYT. AdvisorNet Financial Inc bought a new position in shares of iShares U.S. Transportation ETF during the third quarter valued at approximately $938,000. Harrell Investment Partners LLC lifted its holdings in shares of iShares U.S. Transportation ETF by 6.9% in the 3rd quarter. Harrell Investment Partners LLC now owns 5,533 shares of the exchange traded fund’s stock worth $434,000 after purchasing an additional 358 shares during the last quarter. Mather Group LLC. bought a new stake in shares of iShares U.S. Transportation ETF in the 3rd quarter worth approximately $117,000. Farther Finance Advisors LLC boosted its position in iShares U.S. Transportation ETF by 116.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 526 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 283 shares during the period. Finally, Toth Financial Advisory Corp acquired a new position in iShares U.S. Transportation ETF during the 3rd quarter valued at approximately $2,544,000.

iShares U.S. Transportation ETF Price Performance

BATS:IYT traded down $0.50 during midday trading on Monday, reaching $79.53. 261,005 shares of the company traded hands, compared to its average volume of 782,169. The firm has a market capitalization of $803.28 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. The company has a fifty day moving average price of $82.70 and a 200 day moving average price of $83.19. iShares U.S. Transportation ETF has a twelve month low of $68.10 and a twelve month high of $90.06.

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. The Index measures the performance of the transportation sector of the United States equity market, and includes companies in the primary groups, such as airlines, trucking, railroads, air freight, transportation services and industrial services.