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

iShares U.S. Transportation ETF (BATS:IYT) shares reached a new 52-week low on Tuesday . The stock traded as low as $70.20 and last traded at $72.85, with a volume of 352812 shares. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Price Performance

The company’s fifty day simple moving average is $70.01 and its two-hundred day simple moving average is $69.33. The stock has a market cap of $667.71 million, a price-to-earnings ratio of 22.25 and a beta of 1.22.

Institutional Trading of iShares U.S. Transportation ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Trilogy Capital Inc. raised its holdings in shares of iShares U.S. Transportation ETF by 3.4% in the third quarter. Trilogy Capital Inc. now owns 4,700 shares of the exchange traded fund’s stock valued at $324,000 after purchasing an additional 155 shares during the last quarter. Transcendent Capital Group LLC raised its holdings in shares of iShares U.S. Transportation ETF by 11.4% in the third 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 last quarter. Mutual Advisors LLC raised its holdings in shares of iShares U.S. Transportation ETF by 8.6% in the fourth quarter. Mutual Advisors LLC now owns 4,149 shares of the exchange traded fund’s stock valued at $296,000 after purchasing an additional 330 shares during the last quarter. Allworth Financial LP raised its holdings in shares of iShares U.S. Transportation ETF by 23.3% in the fourth quarter. Allworth Financial LP now owns 1,815 shares of the exchange traded fund’s stock valued at $130,000 after purchasing an additional 343 shares during the last quarter. Finally, Massachusetts Wealth Management raised its holdings in shares of iShares U.S. Transportation ETF by 2.3% in the third quarter. Massachusetts Wealth Management now owns 15,233 shares of the exchange traded fund’s stock valued at $1,050,000 after purchasing an additional 345 shares during the last quarter.

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.