iShares U.S. Transportation ETF (BATS:IYT) Sets New 1-Year High – What’s Next?

iShares U.S. Transportation ETF (BATS:IYT)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $84.45 and last traded at $84.23, with a volume of 32552 shares traded. The stock had previously closed at $83.00.

iShares U.S. Transportation ETF Trading Up 1.6%

The company’s 50 day moving average is $78.30 and its 200-day moving average is $77.08. The company has a market capitalization of $851.43 million, a P/E ratio of 16.05 and a beta of 1.25.

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

A number of institutional investors and hedge funds have recently made changes to their positions in IYT. Capital Advisors Ltd. LLC boosted 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 worth $2,029,000 after purchasing an additional 17,694 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in iShares U.S. Transportation ETF in the third quarter worth $1,383,000. Florin Court Capital LLP purchased a new stake in shares of iShares U.S. Transportation ETF in the third quarter worth $1,355,000. Hudson Bay Capital Management LP bought a new position in shares of iShares U.S. Transportation ETF during the third quarter valued at $7,058,000. Finally, Odyssey Capital Advisors Inc. bought a new position in shares of iShares U.S. Transportation ETF during the fourth quarter valued at $530,000.

About iShares U.S. Transportation ETF

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.