IYT ETF

Transport ETFs have seen solid trading over the past month despite the unimpressive third-quarter earnings picture.

Launched on 10/06/2003, the iShares U.S. Transportation ETF (IYT) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Transportation/Shipping segment of the equity market.

In this review I evaluate the iShares Transportation Average ETF (IYT) as an investment option, which is a fund that offers exposure to multiple sub-sectors within transport. I have historically held a cautious view on IYT, and this outlook has been vindicated over time. I see this fund as being too top-heavy and sporting too high of an expense ratio to be bullish at this time.

Over the weekend I wrote, “Bulls want to see IYT hold above its 50-WMA. Otherwise, we believe IYT can get closer to the 200-WMA, but it will not fail it again.

If you're interested in broad exposure to the Industrials - Transportation/Shipping segment of the equity market, look no further than the iShares U.S. Transportation ETF (IYT), a passively managed exchange traded fund launched on 10/06/2003.

iShares U.S. Transportation ETF includes high multiple US picks like railroad stocks and Uber, facing labor issues and government regulations. IYT has a significant skew towards Uber and Union Pacific, with 54% of the portfolio consisting of Uber and railway stocks. Railway outlook is mixed, with bottom-line consequences of previous union action, while Uber also faces challenges in driver compensation, which is likely to rise due to regulation.

If you're interested in broad exposure to the Industrials - Transportation/Shipping segment of the equity market, look no further than the iShares U.S. Transportation ETF (IYT), a passively managed exchange traded fund launched on 10/06/2003.

Once again, while semiconductors roared to new highs, Transportation as seen through IYT the ETF, sold off. Retail XRT closed marginally green after better than expected consumer confidence data.

For the sake of redundancy and in case you are living under a rock and just came out to read my Daily, Nvidia (NVDA) and its ginormous beat on revenues, gave the market new life. Happily, our very own Sister Semiconductors, SMH, moved up to new all-time highs and gave our portfolios quite a boost.