KKM Financial LLC Reduces Stock Position in iShares U.S. Transportation ETF (BATS:IYT)

KKM Financial LLC cut its stake in iShares U.S. Transportation ETF (BATS:IYT) by 25.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,191 shares of the exchange traded fund’s stock after selling 12,065 shares during the period. KKM Financial LLC owned approximately 0.26% of iShares U.S. Transportation ETF worth $2,425,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp increased its holdings in iShares U.S. Transportation ETF by 7.5% in the second quarter. Truist Financial Corp now owns 11,302 shares of the exchange traded fund’s stock valued at $739,000 after buying an additional 784 shares in the last quarter. Family Firm Inc. purchased a new position in iShares U.S. Transportation ETF in the second quarter valued at about $44,000. Thrivent Financial for Lutherans increased its holdings in iShares U.S. Transportation ETF by 5.5% in the second quarter. Thrivent Financial for Lutherans now owns 35,553 shares of the exchange traded fund’s stock valued at $2,326,000 after buying an additional 1,843 shares in the last quarter. Trilogy Capital Inc. increased its holdings in iShares U.S. Transportation ETF by 3.4% in the third quarter. Trilogy Capital Inc. now owns 4,700 shares of the exchange traded fund’s stock valued at $324,000 after buying an additional 155 shares in the last quarter. Finally, Verity & Verity LLC purchased a new position in iShares U.S. Transportation ETF in the third quarter valued at about $4,660,000.

iShares U.S. Transportation ETF Price Performance

IYT stock opened at $73.58 on Friday. The company’s 50 day simple moving average is $70.16 and its 200-day simple moving average is $66.86. The firm has a market capitalization of $1.00 billion, a PE ratio of 4.53 and a beta of 1.11. iShares U.S. Transportation ETF has a 12 month low of $157.65 and a 12 month high of $206.73.

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.