iShares U.S. Transportation ETF (BATS:IYT) Reaches New 52-Week Low – Here’s What Happened

iShares U.S. Transportation ETF (BATS:IYT) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $71.85 and last traded at $72.14, with a volume of 722538 shares. The stock had previously closed at $72.98.

iShares U.S. Transportation ETF Stock Performance

The business has a 50-day simple moving average of $69.77 and a two-hundred day simple moving average of $66.74. The company has a market capitalization of $982.80 million, a price-to-earnings ratio of 4.53 and a beta of 1.11.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of IYT. Headlands Technologies LLC acquired a new stake in shares of iShares U.S. Transportation ETF in the 2nd quarter worth $25,000. Highlander Capital Management LLC raised its holdings in iShares U.S. Transportation ETF by 300.0% during the first quarter. Highlander Capital Management LLC now owns 400 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 300 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in iShares U.S. Transportation ETF in the third quarter valued at about $41,000. Family Firm Inc. purchased a new stake in iShares U.S. Transportation ETF in the 2nd quarter valued at approximately $44,000. Finally, Bristlecone Advisors LLC acquired a new position in iShares U.S. Transportation ETF during the 3rd quarter worth approximately $81,000.

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.