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

iShares U.S. Transportation ETF (BATS:IYTGet Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $73.58 and last traded at $73.91, with a volume of 379450 shares changing hands. The stock had previously closed at $73.18.

iShares U.S. Transportation ETF Stock Performance

The company has a 50 day moving average price of $69.11 and a 200 day moving average price of $66.47. The company has a market capitalization of $1.00 billion, a PE ratio of 4.53 and a beta of 1.11.

Hedge Funds Weigh In On iShares U.S. Transportation ETF

A number of hedge funds have recently bought and sold shares of IYT. Headlands Technologies LLC acquired a new stake in iShares U.S. Transportation ETF during the second quarter valued at approximately $25,000. Highlander Capital Management LLC lifted its stake in iShares U.S. Transportation ETF by 300.0% during the first quarter. Highlander Capital Management LLC now owns 400 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 300 shares during the last quarter. Delos Wealth Advisors LLC boosted its holdings in iShares U.S. Transportation ETF by 264.9% in the first quarter. Delos Wealth Advisors LLC now owns 416 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 302 shares during the period. Sanctuary Wealth Management L.L.C. bought a new stake in iShares U.S. Transportation ETF during the third quarter valued at $41,000. Finally, Family Firm Inc. acquired a new stake in shares of iShares U.S. Transportation ETF during the second quarter worth $44,000.

iShares U.S. Transportation ETF Company Profile

(Get Free Report)

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.

Further Reading

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