iShares U.S. Transportation ETF (BATS:IYT) Sets New 12-Month Low – Here’s Why

iShares U.S. Transportation ETF (BATS:IYT) reached a new 52-week low during trading on Monday . The stock traded as low as $71.48 and last traded at $71.42, with a volume of 693896 shares changing hands. The stock had previously closed at $71.60.

iShares U.S. Transportation ETF Stock Performance

The firm has a market cap of $974.88 million, a P/E ratio of 4.53 and a beta of 1.11. The stock’s 50 day simple moving average is $71.30 and its 200 day simple moving average is $67.42.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in IYT. Trilogy Capital Inc. boosted its stake in shares of 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 buying an additional 155 shares during the last quarter. McGuire Investment Group LLC grew its stake in iShares U.S. Transportation ETF by 0.3% in the 3rd quarter. McGuire Investment Group LLC now owns 49,014 shares of the exchange traded fund’s stock valued at $3,378,000 after purchasing an additional 157 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in iShares U.S. Transportation ETF by 2.3% in the 2nd 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. Transcendent Capital Group LLC increased its position in shares of iShares U.S. Transportation ETF by 11.4% during the 3rd 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. Finally, Massachusetts Wealth Management raised its stake in shares of iShares U.S. Transportation ETF by 2.3% during the 3rd quarter. Massachusetts Wealth Management now owns 15,233 shares of the exchange traded fund’s stock worth $1,050,000 after purchasing an additional 345 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.