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

iShares U.S. Transportation ETF (BATS:IYT)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $69.98 and last traded at $70.18, with a volume of 184284 shares trading hands. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Price Performance

The company has a market cap of $970.52 million, a PE ratio of 4.53 and a beta of 1.11. The firm has a 50-day simple moving average of $68.07 and a two-hundred day simple moving average of $66.09.

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

A number of institutional investors have recently modified their holdings of IYT. Trilogy Capital Inc. grew its stake 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 acquiring an additional 155 shares during the period. McGuire Investment Group LLC boosted its holdings in shares of iShares U.S. Transportation ETF by 0.3% during the third 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 last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of iShares U.S. Transportation ETF by 2.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,273 shares of the exchange traded fund’s stock valued at $476,000 after purchasing an additional 166 shares during the period. Highlander Capital Management LLC grew its position in shares of iShares U.S. Transportation ETF by 300.0% in the first quarter. Highlander Capital Management LLC now owns 400 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 300 shares during the period. Finally, Delos Wealth Advisors LLC lifted its position in iShares U.S. Transportation ETF by 264.9% during the first quarter. Delos Wealth Advisors LLC now owns 416 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 302 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.