iShares U.S. Transportation ETF (BATS:IYT) Hits New 1-Year High – Here’s Why

iShares U.S. Transportation ETF (BATS:IYT)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $85.19 and last traded at $84.94, with a volume of 149802 shares. The stock had previously closed at $84.39.

iShares U.S. Transportation ETF Price Performance

The business has a fifty day moving average of $79.91 and a 200-day moving average of $77.73. The stock has a market capitalization of $854.56 million, a price-to-earnings ratio of 16.05 and a beta of 1.25.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IYT. BNP Paribas Financial Markets grew its holdings in 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 acquiring an additional 349,945 shares during the period. Two Sigma Investments LP grew its holdings in iShares U.S. Transportation ETF by 1,296.9% during the third quarter. Two Sigma Investments LP now owns 273,800 shares of the exchange traded fund’s stock worth $19,634,000 after acquiring an additional 254,200 shares during the period. Wells Fargo & Company MN grew its holdings in iShares U.S. Transportation ETF by 60.1% during the fourth quarter. Wells Fargo & Company MN now owns 359,247 shares of the exchange traded fund’s stock worth $26,767,000 after acquiring an additional 134,924 shares during the period. Millennium Management LLC acquired a new position in iShares U.S. Transportation ETF during the fourth quarter worth about $8,338,000. Finally, Hudson Bay Capital Management LP acquired a new position in iShares U.S. Transportation ETF during the third quarter worth about $7,058,000.

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.