iShares U.S. Transportation ETF (BATS:IYT) Sets New 52-Week Low at $65.14

iShares U.S. Transportation ETF (BATS:IYT)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $65.14 and last traded at $65.56, with a volume of 668981 shares traded. The stock had previously closed at $65.82.

iShares U.S. Transportation ETF Trading Down 0.4 %

The business has a 50 day simple moving average of $68.92 and a 200-day simple moving average of $64.70. The stock has a market capitalization of $878.50 million, a price-to-earnings ratio of 4.48 and a beta of 1.11.

Institutional Trading of iShares U.S. Transportation ETF

A number of hedge funds have recently added to or reduced their stakes in IYT. Q3 Asset Management acquired a new position in shares of iShares U.S. Transportation ETF in the 1st quarter valued at about $15,966,000. Modera Wealth Management LLC acquired a new position in shares of iShares U.S. Transportation ETF in the 3rd quarter valued at about $40,346,000. International Assets Investment Management LLC acquired a new position in shares of iShares U.S. Transportation ETF in the 4th quarter valued at about $35,128,000. Cadent Capital Advisors LLC lifted its stake in shares of iShares U.S. Transportation ETF by 458.7% in the 1st quarter. Cadent Capital Advisors LLC now owns 111,561 shares of the exchange traded fund’s stock valued at $7,854,000 after purchasing an additional 91,592 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of iShares U.S. Transportation ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 69,868 shares of the exchange traded fund’s stock valued at $18,335,000 after purchasing an additional 3,769 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.