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

iShares U.S. Transportation ETF (BATS:IYT)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $70.20 and last traded at $68.45, with a volume of 352812 shares changing hands. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Stock Performance

The stock’s 50-day moving average is $70.41 and its 200 day moving average is $68.91. The stock has a market capitalization of $956.46 million, a PE ratio of 4.53 and a beta of 1.11.

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

Several hedge funds have recently made changes to their positions in IYT. National Bank of Canada FI boosted its stake in iShares U.S. Transportation ETF by 20,513.2% during the 3rd quarter. National Bank of Canada FI now owns 101,829 shares of the exchange traded fund’s stock worth $7,017,000 after purchasing an additional 101,335 shares during the period. Barclays PLC raised its holdings in shares of iShares U.S. Transportation ETF by 48.7% in the third quarter. Barclays PLC now owns 297,319 shares of the exchange traded fund’s stock valued at $20,488,000 after buying an additional 97,319 shares during the last quarter. Verity & Verity LLC acquired a new stake in shares of iShares U.S. Transportation ETF during the third quarter worth about $4,660,000. Albion Financial Group UT purchased a new position in shares of iShares U.S. Transportation ETF during the fourth quarter worth about $4,334,000. Finally, Cox Capital Mgt LLC acquired a new position in iShares U.S. Transportation ETF in the 4th quarter valued at about $3,565,000.

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.