iShares U.S. Transportation ETF (BATS:IYT) Reaches New 52-Week High – Here’s Why

Shares of iShares U.S. Transportation ETF (BATS:IYT) hit a new 52-week high during trading on Tuesday . The company traded as high as $82.57 and last traded at $82.5570, with a volume of 191165 shares. The stock had previously closed at $81.93.

iShares U.S. Transportation ETF Stock Up 0.6%

The company has a market capitalization of $832.57 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. The firm has a 50 day moving average price of $76.72 and a two-hundred day moving average price of $72.95.

Hedge Funds Weigh In On iShares U.S. Transportation ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Transportation ETF by 1,520.4% in the second quarter. JPMorgan Chase & Co. now owns 1,816,730 shares of the exchange traded fund’s stock worth $124,519,000 after buying an additional 1,704,613 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in iShares U.S. Transportation ETF by 205,850.0% during the 4th quarter. BNP Paribas Financial Markets now owns 350,115 shares of the exchange traded fund’s stock valued at $26,087,000 after acquiring an additional 349,945 shares during the last quarter. First Financial Bankshares Inc grew its holdings in iShares U.S. Transportation ETF by 1.9% during the 3rd quarter. First Financial Bankshares Inc now owns 281,023 shares of the exchange traded fund’s stock worth $20,152,000 after acquiring an additional 5,280 shares in the last quarter. Two Sigma Investments LP grew its holdings in iShares U.S. Transportation ETF by 1,296.9% during the 3rd quarter. Two Sigma Investments LP now owns 273,800 shares of the exchange traded fund’s stock worth $19,634,000 after acquiring an additional 254,200 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of iShares U.S. Transportation ETF by 54.6% in the 2nd quarter. Bank of America Corp DE now owns 255,098 shares of the exchange traded fund’s stock worth $17,484,000 after purchasing an additional 90,131 shares during the last quarter.

iShares U.S. Transportation 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. 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.