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

iShares U.S. Transportation ETF (BATS:IYT) hit a new 52-week low on Monday . The stock traded as low as $70.20 and last traded at $64.74, with a volume of 352812 shares changing hands. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Price Performance

The stock has a market cap of $614.34 million, a price-to-earnings ratio of 18.35 and a beta of 1.21. The firm’s fifty day moving average price is $69.89 and its two-hundred day moving average price is $69.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in iShares U.S. Transportation ETF by 201.3% in the 4th quarter. Bank of America Corp DE now owns 535,197 shares of the exchange traded fund’s stock worth $36,163,000 after purchasing an additional 357,557 shares in the last quarter. Walleye Capital LLC purchased a new stake in iShares U.S. Transportation ETF in the 4th quarter worth approximately $11,077,000. EHP Funds Inc. purchased a new stake in iShares U.S. Transportation ETF in the 4th quarter worth approximately $8,723,000. National Bank of Canada FI lifted its stake in iShares U.S. Transportation ETF by 20,513.2% in the 3rd 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, Barclays PLC lifted its stake in iShares U.S. Transportation ETF by 48.7% in the 3rd quarter. Barclays PLC now owns 297,319 shares of the exchange traded fund’s stock worth $20,488,000 after purchasing an additional 97,319 shares in the last quarter.

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.