iShares U.S. Transportation ETF (BATS:IYT) Sets New 1-Year High – What’s Next?

Shares of iShares U.S. Transportation ETF (BATS:IYTGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as $84.45 and last traded at $84.23, with a volume of 32552 shares traded. The stock had previously closed at $83.00.

iShares U.S. Transportation ETF Price Performance

The company has a market cap of $851.43 million, a PE ratio of 16.05 and a beta of 1.25. The business has a 50 day moving average of $78.30 and a 200 day moving average of $77.08.

Institutional Investors Weigh In On iShares U.S. Transportation ETF

Several institutional investors and hedge funds have recently modified their holdings of IYT. Capital Advisors Ltd. LLC lifted its stake in shares of iShares U.S. Transportation ETF by 185.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 27,228 shares of the exchange traded fund’s stock valued at $2,029,000 after purchasing an additional 17,694 shares during the period. Tudor Investment Corp ET AL purchased a new stake in iShares U.S. Transportation ETF in the third quarter worth $1,383,000. Florin Court Capital LLP bought a new position in iShares U.S. Transportation ETF in the third quarter worth $1,355,000. Hudson Bay Capital Management LP bought a new position in iShares U.S. Transportation ETF in the third quarter worth $7,058,000. Finally, Odyssey Capital Advisors Inc. purchased a new position in iShares U.S. Transportation ETF during the fourth quarter valued at $530,000.

iShares U.S. Transportation ETF Company Profile

(Get Free Report)

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.

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