iShares U.S. Transportation ETF (BATS:IYT) Hits New 52-Week Low – What’s Next?

Shares of iShares U.S. Transportation ETF (BATS:IYT) hit a new 52-week low during trading on Monday . The stock traded as low as $70.20 and last traded at $70.32, with a volume of 352812 shares. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Trading Down 1.5 %

The firm’s fifty day moving average price is $70.20 and its 200 day moving average price is $69.84. The stock has a market capitalization of $623.21 million, a price-to-earnings ratio of 22.25 and a beta of 1.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IYT. Graney & King LLC purchased a new stake in shares of iShares U.S. Transportation ETF in the 4th quarter valued at $30,000. US Bancorp DE acquired a new position in iShares U.S. Transportation ETF in the 4th quarter valued at about $33,000. Sanctuary Wealth Management L.L.C. purchased a new stake in iShares U.S. Transportation ETF during the third quarter worth about $41,000. ORG Partners LLC purchased a new stake in iShares U.S. Transportation ETF during the fourth quarter worth about $54,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of iShares U.S. Transportation ETF during the fourth quarter worth about $58,000.

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.