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

iShares U.S. Transportation ETF (BATS:IYT) was the target of some unusual options trading activity on Tuesday. Investors purchased 8,497 call options on the stock. This represents an increase of 1,213% compared to the typical volume of 647 call options.

iShares U.S. Transportation ETF Stock Up 0.4 %

Shares of BATS IYT traded up $0.25 during mid-day trading on Tuesday, reaching $67.06. 146,096 shares of the company were exchanged. iShares U.S. Transportation ETF has a 52 week low of $157.65 and a 52 week high of $206.73. The company’s 50 day moving average price is $65.52 and its 200 day moving average price is $66.19. The stock has a market capitalization of $915.37 million, a PE ratio of 4.53 and a beta of 1.11.

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

Several hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in shares of iShares U.S. Transportation ETF by 68.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,105 shares of the exchange traded fund’s stock valued at $290,000 after purchasing an additional 448 shares in the last quarter. UBS Group AG grew its stake in shares of iShares U.S. Transportation ETF by 10.4% during the fourth quarter. UBS Group AG now owns 35,116 shares of the exchange traded fund’s stock valued at $9,215,000 after buying an additional 3,298 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of iShares U.S. Transportation ETF by 5.7% in the fourth quarter. Wells Fargo & Company MN now owns 69,868 shares of the exchange traded fund’s stock worth $18,335,000 after buying an additional 3,769 shares during the period. Nemes Rush Group LLC increased its holdings in shares of iShares U.S. Transportation ETF by 4.5% in the fourth quarter. Nemes Rush Group LLC now owns 14,410 shares of the exchange traded fund’s stock worth $3,782,000 after buying an additional 619 shares during the period. Finally, ProVise Management Group LLC bought a new stake in shares of iShares U.S. Transportation ETF in the 4th quarter valued at about $206,000.

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.