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

iShares U.S. Transportation ETF (BATS:IYT) hit 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 Trading Up 0.5%

The stock’s fifty day moving average price is $79.72 and its 200-day moving average price is $77.68. The firm 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

A number of hedge funds and other institutional investors have recently made changes to their positions in IYT. BNP Paribas Financial Markets increased its holdings in shares of 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 worth $26,087,000 after buying an additional 349,945 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of iShares U.S. Transportation ETF by 1,296.9% during the 3rd quarter. Two Sigma Investments LP now owns 273,800 shares of the exchange traded fund’s stock worth $19,634,000 after buying an additional 254,200 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of iShares U.S. Transportation ETF by 60.1% during the 4th quarter. Wells Fargo & Company MN now owns 359,247 shares of the exchange traded fund’s stock worth $26,767,000 after buying an additional 134,924 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of iShares U.S. Transportation ETF during the 4th quarter worth approximately $8,338,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of iShares U.S. Transportation ETF during the 3rd quarter worth approximately $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.