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 on Monday . The stock traded as low as $70.36 and last traded at $71.25, with a volume of 507645 shares traded. The stock had previously closed at $71.01.

iShares U.S. Transportation ETF Trading Up 1.5 %

The stock has a market capitalization of $981.98 million, a price-to-earnings ratio of 4.53 and a beta of 1.11. The business has a 50 day simple moving average of $66.90 and a 200-day simple moving average of $65.98.

Institutional Investors Weigh In On iShares U.S. Transportation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of iShares U.S. Transportation ETF during the 2nd quarter worth about $25,000. Highlander Capital Management LLC grew its stake 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 buying an additional 300 shares during the period. Delos Wealth Advisors LLC increased its position in shares of iShares U.S. Transportation ETF by 264.9% in the first quarter. Delos Wealth Advisors LLC now owns 416 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 302 shares in the last quarter. Norwood Financial Corp raised its stake in shares of iShares U.S. Transportation ETF by 300.0% in the 1st quarter. Norwood Financial Corp now owns 500 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 375 shares during the period. Finally, Family Firm Inc. acquired a new position in shares of iShares U.S. Transportation ETF during the 2nd quarter valued at $44,000.

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.