iShares U.S. Transportation ETF (BATS:IYT) Sets New 1-Year High – Time to Buy?

Shares of iShares U.S. Transportation ETF (BATS:IYT) reached a new 52-week high on Friday . The stock traded as high as $86.86 and last traded at $86.27, with a volume of 10699 shares traded. The stock had previously closed at $86.12.

iShares U.S. Transportation ETF Price Performance

The stock’s 50-day moving average price is $80.86 and its 200-day moving average price is $78.21. The company has a market cap of $867.59 million, a P/E ratio of 16.05 and a beta of 1.25.

Institutional Trading of iShares U.S. Transportation ETF

Institutional investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC acquired a new position in shares of iShares U.S. Transportation ETF during the 1st quarter worth approximately $30,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of iShares U.S. Transportation ETF in the first quarter valued at approximately $30,000. North Star Investment Management Corp. boosted its stake in shares of iShares U.S. Transportation ETF by 165.6% in the fourth quarter. North Star Investment Management Corp. now owns 425 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 265 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of iShares U.S. Transportation ETF in the fourth quarter valued at approximately $33,000. Finally, CWM LLC grew its position in iShares U.S. Transportation ETF by 103.4% during the fourth quarter. CWM LLC now owns 480 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 244 shares in the last quarter.

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.