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

Shares of iShares U.S. Transportation ETF (BATS:IYT) hit a new 52-week high during trading on Tuesday . The stock traded as high as $82.57 and last traded at $82.5570, with a volume of 191165 shares traded. The stock had previously closed at $81.93.

iShares U.S. Transportation ETF Price Performance

The company has a fifty day moving average of $76.72 and a two-hundred day moving average of $72.95. The stock has a market capitalization of $832.57 million, a P/E ratio of 16.05 and a beta of 1.25.

Hedge Funds Weigh In On iShares U.S. Transportation ETF

Hedge funds have recently added to or reduced their stakes in the business. Spire Wealth Management lifted its position in shares of iShares U.S. Transportation ETF by 7.0% in the 3rd quarter. Spire Wealth Management now owns 2,633 shares of the exchange traded fund’s stock worth $189,000 after buying an additional 173 shares during the last quarter. CWM LLC boosted its position in iShares U.S. Transportation ETF by 103.4% during 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. North Star Investment Management Corp. grew its stake in iShares U.S. Transportation ETF by 165.6% during the 4th quarter. North Star Investment Management Corp. now owns 425 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 265 shares during the last quarter. Global Retirement Partners LLC increased its position in iShares U.S. Transportation ETF by 33.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,007 shares of the exchange traded fund’s stock worth $150,000 after buying an additional 498 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new stake in iShares U.S. Transportation ETF in the fourth quarter valued at $37,000.

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.