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 reached a new 52-week low during mid-day trading on Monday . The company traded as low as $74.30 and last traded at $75.41, with a volume of 595023 shares trading hands. The stock had previously closed at $73.58.

iShares U.S. Transportation ETF Stock Performance

The company has a 50 day moving average of $70.59 and a 200 day moving average of $67.05. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 4.53 and a beta of 1.11.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of iShares U.S. Transportation ETF by 48.7% during the 3rd quarter. Barclays PLC now owns 297,319 shares of the exchange traded fund’s stock worth $20,488,000 after acquiring an additional 97,319 shares in the last quarter. First Financial Bankshares Inc boosted its holdings in iShares U.S. Transportation ETF by 0.6% in the third quarter. First Financial Bankshares Inc now owns 266,979 shares of the exchange traded fund’s stock valued at $18,398,000 after purchasing an additional 1,575 shares in the last quarter. BNP Paribas Financial Markets increased its stake in iShares U.S. Transportation ETF by 37.2% in the third quarter. BNP Paribas Financial Markets now owns 166,539 shares of the exchange traded fund’s stock valued at $11,476,000 after purchasing an additional 45,127 shares during the last quarter. National Bank of Canada FI raised its holdings in iShares U.S. Transportation ETF by 20,513.2% during the third quarter. National Bank of Canada FI now owns 101,829 shares of the exchange traded fund’s stock worth $7,017,000 after purchasing an additional 101,335 shares in the last quarter. Finally, Verity & Verity LLC acquired a new stake in iShares U.S. Transportation ETF during the third quarter worth approximately $4,660,000.

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.