iShares U.S. Transportation ETF (BATS:IYT) Reaches New 12-Month High – Time to Buy?

iShares U.S. Transportation ETF (BATS:IYT)’s stock price reached a new 52-week high on Monday . The company traded as high as $88.78 and last traded at $88.73, with a volume of 62037 shares changing hands. The stock had previously closed at $88.12.

iShares U.S. Transportation ETF Trading Up 0.4%

The business’s 50-day moving average price is $83.96 and its 200-day moving average price is $79.98. The stock has a market cap of $893.14 million, a PE ratio of 16.05 and a beta of 1.25.

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

Several institutional investors have recently bought and sold shares of IYT. BNP Paribas Financial Markets increased its position in shares of iShares U.S. Transportation ETF by 205,850.0% during the fourth quarter. BNP Paribas Financial Markets now owns 350,115 shares of the exchange traded fund’s stock worth $26,087,000 after purchasing an additional 349,945 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of 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 valued at $19,634,000 after purchasing an additional 254,200 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of iShares U.S. Transportation ETF by 60.1% in the 4th quarter. Wells Fargo & Company MN now owns 359,247 shares of the exchange traded fund’s stock worth $26,767,000 after purchasing an additional 134,924 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of iShares U.S. Transportation ETF in the 4th quarter worth $8,338,000. Finally, Hudson Bay Capital Management LP purchased a new position in iShares U.S. Transportation ETF during the 3rd quarter worth $7,058,000.

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.