iShares U.S. Transportation ETF (BATS:IYT) Hits New 1-Year Low – What’s Next?

Shares of iShares U.S. Transportation ETF (BATS:IYT) hit a new 52-week low on Monday . The company traded as low as $70.20 and last traded at $69.79, with a volume of 352812 shares changing hands. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Stock Performance

The stock has a market cap of $635.43 million, a price-to-earnings ratio of 22.25 and a beta of 1.22. The stock has a fifty day simple moving average of $70.11 and a two-hundred day simple moving average of $69.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Graney & King LLC acquired a new stake in shares of iShares U.S. Transportation ETF in the 4th quarter valued at approximately $30,000. US Bancorp DE bought a new position in iShares U.S. Transportation ETF in the 4th quarter valued at approximately $33,000. Sanctuary Wealth Management L.L.C. acquired a new stake in iShares U.S. Transportation ETF in the third quarter valued at approximately $41,000. ORG Partners LLC bought a new stake in shares of iShares U.S. Transportation ETF during the fourth quarter worth $54,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of iShares U.S. Transportation ETF during the fourth quarter worth $58,000.

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.