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

Shares of iShares U.S. Transportation ETF (BATS:IYT) hit a new 52-week low on Monday . The company traded as low as $70.20 and last traded at $71.63, with a volume of 352812 shares changing hands. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Trading Up 3.8 %

The firm has a market cap of $985.53 million, a price-to-earnings ratio of 4.53 and a beta of 1.11. The firm has a 50 day moving average price of $70.06 and a 200-day moving average price of $69.04.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IYT. US Bancorp DE acquired a new position in iShares U.S. Transportation ETF in the 4th quarter valued at $33,000. Sanctuary Wealth Management L.L.C. purchased a new stake in iShares U.S. Transportation ETF in the 3rd quarter valued at about $41,000. ORG Partners LLC purchased a new position in shares of iShares U.S. Transportation ETF during the 4th quarter worth about $54,000. IFP Advisors Inc purchased a new position in iShares U.S. Transportation ETF during the fourth quarter worth approximately $61,000. Finally, Bristlecone Advisors LLC purchased a new position in shares of iShares U.S. Transportation ETF in the 3rd quarter worth $81,000.

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.