iShares U.S. Transportation ETF (BATS:IYT) Sets New 1-Year Low – What’s Next?

iShares U.S. Transportation ETF (BATS:IYT) shares hit a new 52-week low during trading on Monday . The stock traded as low as $70.20 and last traded at $71.63, with a volume of 352812 shares. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Stock Performance

The stock has a fifty day moving average price of $70.06 and a two-hundred day moving average price of $69.04. The firm has a market capitalization of $985.53 million, a P/E ratio of 4.53 and a beta of 1.11.

Hedge Funds Weigh In On iShares U.S. Transportation ETF

Large investors have recently bought and sold shares of the business. Trilogy Capital Inc. grew its holdings in iShares U.S. Transportation ETF by 3.4% in the 3rd quarter. Trilogy Capital Inc. now owns 4,700 shares of the exchange traded fund’s stock worth $324,000 after buying an additional 155 shares in the last quarter. McGuire Investment Group LLC boosted its stake in iShares U.S. Transportation ETF by 0.3% in the 3rd quarter. McGuire Investment Group LLC now owns 49,014 shares of the exchange traded fund’s stock worth $3,378,000 after purchasing an additional 157 shares during the period. Transcendent Capital Group LLC raised its stake in iShares U.S. Transportation ETF by 11.4% during the 3rd quarter. Transcendent Capital Group LLC now owns 1,782 shares of the exchange traded fund’s stock valued at $123,000 after purchasing an additional 182 shares during the period. Mutual Advisors LLC raised its position in iShares U.S. Transportation ETF by 8.6% during the fourth quarter. Mutual Advisors LLC now owns 4,149 shares of the exchange traded fund’s stock valued at $296,000 after buying an additional 330 shares during the period. Finally, Allworth Financial LP boosted its position in iShares U.S. Transportation ETF by 23.3% during the 4th quarter. Allworth Financial LP now owns 1,815 shares of the exchange traded fund’s stock worth $130,000 after acquiring an additional 343 shares during the period.

About iShares U.S. Transportation ETF

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.