First Financial Bankshares Inc Raises Stock Holdings in iShares U.S. Transportation ETF $IYT

First Financial Bankshares Inc boosted its holdings in iShares U.S. Transportation ETF (BATS:IYT) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 293,923 shares of the exchange traded fund’s stock after buying an additional 12,900 shares during the quarter. First Financial Bankshares Inc owned 2.91% of iShares U.S. Transportation ETF worth $21,900,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of IYT. NewEdge Advisors LLC raised its position in iShares U.S. Transportation ETF by 233.9% in the 1st quarter. NewEdge Advisors LLC now owns 12,589 shares of the exchange traded fund’s stock worth $806,000 after buying an additional 8,819 shares during the last quarter. Cerity Partners LLC purchased a new position in iShares U.S. Transportation ETF in the 2nd quarter worth about $388,000. Raymond James Financial Inc. raised its position in iShares U.S. Transportation ETF by 8.4% in the 2nd quarter. Raymond James Financial Inc. now owns 91,742 shares of the exchange traded fund’s stock worth $6,288,000 after buying an additional 7,112 shares during the last quarter. Bank of America Corp DE increased its position in shares of iShares U.S. Transportation ETF by 54.6% during the 2nd quarter. Bank of America Corp DE now owns 255,098 shares of the exchange traded fund’s stock valued at $17,484,000 after purchasing an additional 90,131 shares during the last quarter. Finally, WFA of San Diego LLC purchased a new stake in shares of iShares U.S. Transportation ETF during the 2nd quarter valued at about $69,000.

iShares U.S. Transportation ETF Stock Up 3.5%

BATS IYT opened at $86.12 on Friday. iShares U.S. Transportation ETF has a 52 week low of $64.34 and a 52 week high of $86.24. The firm has a market capitalization of $869.81 million, a P/E ratio of 16.05 and a beta of 1.25. The company has a 50-day moving average price of $80.86 and a 200-day moving average price of $78.21.

About iShares U.S. Transportation ETF

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.