iShares U.S. Transportation ETF (BATS:IYT) Reaches New 12-Month High – Here’s Why

iShares U.S. Transportation ETF (BATS:IYT) shares hit a new 52-week high during trading on Monday . The stock traded as high as $87.97 and last traded at $87.75, with a volume of 139200 shares. The stock had previously closed at $87.18.

iShares U.S. Transportation ETF Stock Performance

The company has a 50-day simple moving average of $82.70 and a two-hundred day simple moving average of $79.13. The firm has a market capitalization of $881.12 million, a P/E ratio of 16.05 and a beta of 1.25.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IYT. Cornerstone Planning Group LLC bought a new stake in shares of iShares U.S. Transportation ETF during the 1st quarter valued at $30,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of iShares U.S. Transportation ETF in the 1st quarter worth about $30,000. North Star Investment Management Corp. boosted its stake in iShares U.S. Transportation ETF by 165.6% during the fourth quarter. North Star Investment Management Corp. now owns 425 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 265 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in iShares U.S. Transportation ETF during the fourth quarter worth about $33,000. Finally, CWM LLC grew its holdings in iShares U.S. Transportation ETF by 103.4% in the fourth quarter. CWM LLC now owns 480 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 244 shares during the period.

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.