iShares U.S. Transportation ETF Target of Unusually Large Options Trading (BATS:IYT)

iShares U.S. Transportation ETF (BATS:IYT) saw unusually large options trading on Thursday. Stock traders acquired 3,032 put options on the company. This represents an increase of approximately 1,123% compared to the average daily volume of 248 put options.

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

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its stake in iShares U.S. Transportation ETF by 233.9% in the first quarter. NewEdge Advisors LLC now owns 12,589 shares of the exchange traded fund’s stock valued at $806,000 after buying an additional 8,819 shares during the period. Cerity Partners LLC acquired a new position in shares of iShares U.S. Transportation ETF during the 2nd quarter worth about $388,000. Raymond James Financial Inc. increased its stake in shares of 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 acquiring an additional 7,112 shares during the last quarter. Bank of America Corp DE increased its stake in shares of 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 acquiring an additional 90,131 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new stake in shares of iShares U.S. Transportation ETF in the 2nd quarter valued at approximately $69,000.

iShares U.S. Transportation ETF Stock Up 1.5%

BATS IYT traded up $1.27 during trading hours on Thursday, hitting $87.86. The company’s stock had a trading volume of 133,958 shares, compared to its average volume of 812,290. iShares U.S. Transportation ETF has a twelve month low of $66.28 and a twelve month high of $88.74. The firm has a market capitalization of $887.39 million, a P/E ratio of 16.05 and a beta of 1.25. The stock has a fifty day moving average of $83.65 and a 200 day moving average of $79.80.

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.