iShares U.S. Transportation ETF (BATS:IYT) Sets New 52-Week High – Still a Buy?

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 changing hands. The stock had previously closed at $87.18.

iShares U.S. Transportation ETF Stock Down 1.0%

The stock has a 50-day simple moving average of $82.94 and a 200-day simple moving average of $79.30. The firm has a market capitalization of $876.17 million, a PE ratio of 16.05 and a beta of 1.25.

Institutional Investors Weigh In On iShares U.S. Transportation ETF

Several large investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC bought a new position in iShares U.S. Transportation ETF during the first quarter worth about $30,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of iShares U.S. Transportation ETF in the first quarter valued at approximately $30,000. North Star Investment Management Corp. raised its position in shares of iShares U.S. Transportation ETF by 165.6% in the fourth quarter. North Star Investment Management Corp. now owns 425 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 265 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of iShares U.S. Transportation ETF in the fourth quarter valued at approximately $33,000. Finally, CWM LLC lifted its stake in shares of iShares U.S. Transportation ETF by 103.4% during the 4th quarter. CWM LLC now owns 480 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 244 shares in the last quarter.

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.