ETF Trends
ETF Trends

The transportation exchange traded fund (ETF) wrapped up trading today slightly higher after oil prices took a breather.

The iShares Dow Jones Transportation Average (IYT) was up 0.8% after three of its airline holdings blasted off in trading today. Oil prices closed at $116.44 after demand for gas and other petroleum products dropped sharply in February.

  • Continental Airlines, Inc. (CAL), up 3.5%; 1.9% of the fund
  • Southwest Airlines (LUV), up 3.3%; 1.4% of the fund
  • JetBlue Airways (JBLU), up 2.6%; 0.6% of the fund

Year-to-date, IYT is up 14%.

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For full disclosure, some of Tom Lydon’s clients own shares of IYT.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.