iShares U.S. Transportation ETF (BATS:IYT) Sets New 1-Year High – Time to Buy?

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

iShares U.S. Transportation ETF Trading Up 0.5%

The company’s fifty day moving average is $79.72 and its two-hundred day moving average is $77.68. The stock has a market cap of $856.38 million, a price-to-earnings ratio of 16.05 and a beta of 1.25.

Institutional Trading of iShares U.S. Transportation ETF

Several institutional investors have recently added to or reduced their stakes in IYT. NewEdge Advisors LLC increased its holdings in iShares U.S. Transportation ETF by 233.9% in the 1st quarter. NewEdge Advisors LLC now owns 12,589 shares of the exchange traded fund’s stock valued at $806,000 after purchasing an additional 8,819 shares during the last quarter. Cerity Partners LLC acquired a new stake in iShares U.S. Transportation ETF in the 2nd quarter valued at approximately $388,000. Raymond James Financial Inc. increased its holdings in iShares U.S. Transportation ETF by 8.4% in the 2nd quarter. Raymond James Financial Inc. now owns 91,742 shares of the exchange traded fund’s stock valued at $6,288,000 after purchasing an additional 7,112 shares during the last quarter. Bank of America Corp DE increased its holdings in iShares U.S. Transportation ETF by 54.6% in the 2nd quarter. Bank of America Corp DE now owns 255,098 shares of the exchange traded fund’s stock valued at $17,484,000 after purchasing an additional 90,131 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new stake in iShares U.S. Transportation ETF in the 2nd quarter valued at approximately $69,000.

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.