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

iShares U.S. Transportation ETF (BATS:IYT) reached a new 52-week low on Monday . The company traded as low as $70.20 and last traded at $64.74, with a volume of 352812 shares. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Trading Down 7.2 %

The company has a market cap of $609.54 million, a price-to-earnings ratio of 18.35 and a beta of 1.21. The business has a fifty day moving average of $69.73 and a two-hundred day moving average of $69.80.

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

A number of large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC acquired a new position in iShares U.S. Transportation ETF in the 4th quarter worth about $273,000. Total Wealth Planning & Management Inc. purchased a new stake in iShares U.S. Transportation ETF during the 4th quarter worth approximately $434,000. Putney Financial Group LLC purchased a new stake in iShares U.S. Transportation ETF during the 4th quarter worth approximately $253,000. Vermillion Wealth Management Inc. purchased a new stake in iShares U.S. Transportation ETF during the 4th quarter worth approximately $58,000. Finally, Two Sigma Investments LP increased its stake in iShares U.S. Transportation ETF by 139.3% during the 4th quarter. Two Sigma Investments LP now owns 140,000 shares of the exchange traded fund’s stock worth $9,460,000 after buying an additional 81,500 shares in the last quarter.

iShares U.S. Transportation ETF Company Profile

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.