iShares U.S. Transportation ETF (BATS:IYT) Reaches New 1-Year Low – Here’s What Happened

iShares U.S. Transportation ETF (BATS:IYT) reached a new 52-week low during trading on Monday . The company traded as low as $70.20 and last traded at $67.67, with a volume of 352812 shares. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Trading Down 3.3 %

The company has a market cap of $635.27 million, a PE ratio of 18.35 and a beta of 1.21. The business’s 50 day moving average is $70.19 and its two-hundred day moving average is $69.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC raised its position in 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 in the last quarter. Tyler Stone Wealth Management lifted its stake in iShares U.S. Transportation ETF by 100.6% during the 3rd quarter. Tyler Stone Wealth Management now owns 5,301 shares of the exchange traded fund’s stock valued at $365,000 after acquiring an additional 2,658 shares during the period. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of iShares U.S. Transportation ETF in the third quarter worth about $41,000. Florin Court Capital LLP increased its holdings in iShares U.S. Transportation ETF by 124.0% in the third quarter. Florin Court Capital LLP now owns 34,500 shares of the exchange traded fund’s stock valued at $2,377,000 after buying an additional 19,100 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of iShares U.S. Transportation ETF by 23.7% in the third quarter. Thrivent Financial for Lutherans now owns 43,989 shares of the exchange traded fund’s stock valued at $3,031,000 after buying an additional 8,436 shares in the last quarter.

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.