IYT, which holds 20 stocks, resides 7.5% above its 200-day moving average. Going forward, the allure of infrastructure investing, which investors can easily engage in via exchange traded funds, could and should rise as governments around the world finally commit the capital necessary to upgraded dated and dangerous bridges, pipelines and roads.
“Transport stocks are traditionally seen as an indicator of broader economic health, given transportation companies’ wide usage across industries,” according to CNBC.
Investors have added $2.44 million to IYT in the current quarter.
For more information on Transportation ETFs, visit our Transportation category.