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

Shares of 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 $70.20 and last traded at $69.79, with a volume of 352812 shares changing hands. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Stock Performance

The stock’s 50-day moving average price is $70.11 and its 200-day moving average price is $69.69. The company has a market capitalization of $632.51 million, a price-to-earnings ratio of 22.25 and a beta of 1.22.

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

Several hedge funds and other institutional investors have recently bought and sold shares of IYT. JPMorgan Chase & Co. grew its holdings in iShares U.S. Transportation ETF by 371.9% in the third quarter. JPMorgan Chase & Co. now owns 63,607 shares of the exchange traded fund’s stock valued at $4,383,000 after purchasing an additional 50,129 shares during the last quarter. Allworth Financial LP boosted its position in shares of iShares U.S. Transportation ETF by 23.3% in the 4th quarter. Allworth Financial LP now owns 1,815 shares of the exchange traded fund’s stock worth $130,000 after buying an additional 343 shares in the last quarter. Mutual Advisors LLC grew its stake in iShares U.S. Transportation ETF by 8.6% in the 4th quarter. Mutual Advisors LLC now owns 4,149 shares of the exchange traded fund’s stock valued at $296,000 after acquiring an additional 330 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in iShares U.S. Transportation ETF by 37.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 166,539 shares of the exchange traded fund’s stock valued at $11,476,000 after acquiring an additional 45,127 shares in the last quarter. Finally, Verity & Verity LLC acquired a new position in iShares U.S. Transportation ETF during the third quarter worth about $4,660,000.

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.