iShares U.S. Transportation ETF (BATS:IYT) Reaches New 12-Month High – Here’s Why

Shares of iShares U.S. Transportation ETF (BATS:IYT) hit a new 52-week high on Monday . The stock traded as high as $87.97 and last traded at $87.75, with a volume of 139200 shares trading hands. The stock had previously closed at $87.18.

iShares U.S. Transportation ETF Price Performance

The firm’s 50 day moving average is $82.70 and its 200 day moving average is $79.13. The company has a market capitalization of $881.12 million, a PE ratio of 16.05 and a beta of 1.25.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in iShares U.S. Transportation ETF by 205,850.0% during the 4th quarter. BNP Paribas Financial Markets now owns 350,115 shares of the exchange traded fund’s stock valued at $26,087,000 after purchasing an additional 349,945 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of 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 valued at $19,634,000 after acquiring an additional 254,200 shares in the last quarter. Wells Fargo & Company MN lifted its stake in iShares U.S. Transportation ETF by 60.1% in 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 bought a new stake in iShares U.S. Transportation ETF in the fourth quarter valued at $8,338,000. Finally, Hudson Bay Capital Management LP purchased a new position in iShares U.S. Transportation ETF during the 3rd quarter valued at $7,058,000.

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.