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

iShares U.S. Transportation ETF (BATS:IYT) shares reached a new 52-week low during trading on Monday . The company traded as low as $70.41 and last traded at $70.25, with a volume of 188259 shares traded. The stock had previously closed at $70.88.

iShares U.S. Transportation ETF Price Performance

The company has a fifty day moving average price of $67.36 and a two-hundred day moving average price of $66.01. The firm has a market cap of $958.84 million, a price-to-earnings ratio of 4.53 and a beta of 1.11.

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

Several large investors have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in iShares U.S. Transportation ETF by 168.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 268,000 shares of the exchange traded fund’s stock valued at $18,867,000 after purchasing an additional 168,000 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of iShares U.S. Transportation ETF by 148,658.6% during the 1st quarter. BNP Paribas Financial Markets now owns 165,122 shares of the exchange traded fund’s stock worth $11,625,000 after acquiring an additional 165,011 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of iShares U.S. Transportation ETF by 256.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 156,180 shares of the exchange traded fund’s stock worth $10,995,000 after acquiring an additional 112,425 shares during the last quarter. Advisory Services Network LLC raised its position in shares of iShares U.S. Transportation ETF by 5,260.3% during the first quarter. Advisory Services Network LLC now owns 100,881 shares of the exchange traded fund’s stock worth $7,102,000 after purchasing an additional 98,999 shares during the period. Finally, McGuire Investment Group LLC raised its position in shares of iShares U.S. Transportation ETF by 0.3% during the third quarter. McGuire Investment Group LLC now owns 49,014 shares of the exchange traded fund’s stock worth $3,378,000 after purchasing an additional 157 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.