We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
For investors seeking momentum, iShares Transportation Average ETF (IYT - Free Report) is probably on radar. The fund just hit a 52-week high and is up 82% from its 52-week low price of $116.61/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
IYT in Focus
The ETF provides exposure to U.S. airlines, railroad and trucking companies. Railroads takes the top spot with 35.2% share in the basket, while air freight and logistics (33.3%), and trucking (18%) round off the next three. The ETF charges 42 basis points in annual fees (see: all the Industrials ETFs here).
Why the Move?
The transport sector has been an area to watch lately given investors’ rush to bargain sectors. The airline, cruise and travel stocks have been beaten down badly amid the pandemic, making the valuations attractive. Additionally, pick-up in economic activities from the pandemic lows has rekindled investors’ optimism in the sector.
More Gains Ahead?
Currently, IYT has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Transport ETF (IYT) Hits New 52-Week High
For investors seeking momentum, iShares Transportation Average ETF (IYT - Free Report) is probably on radar. The fund just hit a 52-week high and is up 82% from its 52-week low price of $116.61/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
IYT in Focus
The ETF provides exposure to U.S. airlines, railroad and trucking companies. Railroads takes the top spot with 35.2% share in the basket, while air freight and logistics (33.3%), and trucking (18%) round off the next three. The ETF charges 42 basis points in annual fees (see: all the Industrials ETFs here).
Why the Move?
The transport sector has been an area to watch lately given investors’ rush to bargain sectors. The airline, cruise and travel stocks have been beaten down badly amid the pandemic, making the valuations attractive. Additionally, pick-up in economic activities from the pandemic lows has rekindled investors’ optimism in the sector.
More Gains Ahead?
Currently, IYT has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>