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

iShares U.S. Transportation ETF (BATS:IYT) shares reached a new 52-week high on Monday . The stock traded as high as $88.74 and last traded at $88.60, with a volume of 20960 shares changing hands. The stock had previously closed at $87.99.

iShares U.S. Transportation ETF Price Performance

The stock has a market cap of $886.58 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. The firm’s fifty day moving average price is $83.32 and its two-hundred day moving average price is $79.54.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC bought a new position in iShares U.S. Transportation ETF in the first quarter worth approximately $30,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of iShares U.S. Transportation ETF during the first quarter valued at approximately $30,000. North Star Investment Management Corp. lifted its holdings in shares of iShares U.S. Transportation ETF by 165.6% in the 4th quarter. North Star Investment Management Corp. now owns 425 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 265 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of iShares U.S. Transportation ETF in the 4th quarter worth $33,000. Finally, CWM LLC grew its position in iShares U.S. Transportation ETF by 103.4% in the 4th quarter. CWM LLC now owns 480 shares of the exchange traded fund’s stock valued at $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.