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

iShares U.S. Transportation ETF (BATS:IYT)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $70.20 and last traded at $71.90, with a volume of 352812 shares traded. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Price Performance

The company has a 50 day simple moving average of $70.65 and a 200-day simple moving average of $68.57. The firm has a market cap of $984.66 million, a PE ratio of 4.53 and a beta of 1.11.

Institutional Investors Weigh In On iShares U.S. Transportation ETF

Institutional investors have recently made changes to their positions in the business. Gateway Wealth Partners LLC purchased a new position in iShares U.S. Transportation ETF in the 4th quarter worth $259,000. Toth Financial Advisory Corp grew its stake in shares of iShares U.S. Transportation ETF by 23.6% during the fourth quarter. Toth Financial Advisory Corp now owns 32,819 shares of the exchange traded fund’s stock valued at $2,218,000 after buying an additional 6,267 shares during the last quarter. Grimes & Company Inc. purchased a new position in shares of iShares U.S. Transportation ETF in the fourth quarter worth about $2,210,000. Dynamic Advisor Solutions LLC lifted its stake in shares of iShares U.S. Transportation ETF by 79.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 26,277 shares of the exchange traded fund’s stock valued at $1,776,000 after acquiring an additional 11,637 shares during the last quarter. Finally, Mutual Advisors LLC boosted its holdings in iShares U.S. Transportation ETF by 8.6% during the 4th quarter. Mutual Advisors LLC now owns 4,149 shares of the exchange traded fund’s stock valued at $296,000 after acquiring an additional 330 shares during the period.

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.