iShares U.S. Transportation ETF (BATS:IYT) Sets New 12-Month High – What’s Next?

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

iShares U.S. Transportation ETF Stock Performance

The company has a market capitalization of $867.59 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. The firm has a fifty day moving average price of $80.86 and a 200-day moving average price of $78.21.

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

Large investors have recently bought and sold shares of the company. Capital Advisors Ltd. LLC raised its position 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 buying an additional 17,694 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of iShares U.S. Transportation ETF during the 3rd quarter worth approximately $1,383,000. Hudson Bay Capital Management LP bought a new position in iShares U.S. Transportation ETF in the third quarter valued at approximately $7,058,000. Odyssey Capital Advisors Inc. bought a new position in iShares U.S. Transportation ETF in the fourth quarter valued at approximately $530,000. Finally, Citigroup Inc. raised its position in iShares U.S. Transportation ETF by 100.0% during the third quarter. Citigroup Inc. now owns 102,449 shares of the exchange traded fund’s stock valued at $7,347,000 after purchasing an additional 51,219 shares in the last quarter.

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.