Cornerstone Wealth Management LLC Invests $176,000 in iShares Transportation Average ETF (IYT) Stock

Cornerstone Wealth Management LLC bought a new stake in iShares Transportation Average ETF (BATS:IYT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 33,046 shares of the exchange traded fund’s stock, valued at approximately $176,000.

A number of other large investors have also recently modified their holdings of the business. Wells Fargo & Company MN increased its stake in iShares Transportation Average ETF by 8.5% in the first quarter. Wells Fargo & Company MN now owns 95,559 shares of the exchange traded fund’s stock valued at $17,872,000 after purchasing an additional 7,452 shares in the last quarter. UBS Group AG increased its stake in 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 in the last quarter. JPMorgan Chase & Co. increased its stake in iShares Transportation Average ETF by 1,796.3% in the first quarter. JPMorgan Chase & Co. now owns 52,432 shares of the exchange traded fund’s stock valued at $9,806,000 after purchasing an additional 49,667 shares in the last quarter. Barometer Capital Management Inc. increased its stake in iShares Transportation Average ETF by 50.7% in the first quarter. Barometer Capital Management Inc. now owns 32,700 shares of the exchange traded fund’s stock valued at $6,116,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in iShares Transportation Average ETF by 19.5% in the first quarter. Royal Bank of Canada now owns 32,024 shares of the exchange traded fund’s stock valued at $5,989,000 after purchasing an additional 5,219 shares in the last quarter.

Shares of BATS:IYT opened at $201.52 on Friday. iShares Transportation Average ETF has a 52 week low of $157.65 and a 52 week high of $206.73.

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.

See Also: Investing in Growth Stocks

Want to see what other hedge funds are holding IYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Transportation Average ETF (BATS:IYT).

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

Receive News & Ratings for iShares Transportation Average ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Transportation Average ETF and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply