iShares U.S. Transportation ETF (BATS:IYT) Sets New 52-Week Low – What’s Next?

iShares U.S. Transportation ETF (BATS:IYT)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $70.20 and last traded at $72.85, with a volume of 352812 shares trading hands. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Stock Up 5.5 %

The firm has a market capitalization of $667.71 million, a P/E ratio of 22.25 and a beta of 1.22. The company’s 50 day moving average is $70.01 and its 200-day moving average is $69.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP boosted its stake in iShares U.S. Transportation ETF by 139.3% during the fourth quarter. Two Sigma Investments LP now owns 140,000 shares of the exchange traded fund’s stock worth $9,460,000 after acquiring an additional 81,500 shares in the last quarter. Strategic Wealth Partners Ltd. bought a new position in iShares U.S. Transportation ETF during the fourth quarter worth $6,579,000. Sig Brokerage LP bought a new position in iShares U.S. Transportation ETF during the fourth quarter worth $1,425,000. J. Goldman & Co LP acquired a new position in iShares U.S. Transportation ETF during the fourth quarter worth $5,785,000. Finally, Focus Partners Wealth acquired a new position in iShares U.S. Transportation ETF during the fourth quarter worth $276,000.

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.