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

iShares U.S. Transportation ETF (BATS:IYT)’s stock price reached a new 52-week low during trading on Monday . The stock 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 Stock Performance

The company has a 50 day simple moving average of $69.73 and a 200 day simple moving average of $69.80. The company has a market capitalization of $609.54 million, a PE ratio of 18.35 and a beta of 1.21.

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

Large investors have recently made changes to their positions in the stock. Graney & King LLC purchased a new stake in shares of iShares U.S. Transportation ETF in the fourth quarter valued at approximately $30,000. US Bancorp DE purchased a new stake in shares of iShares U.S. Transportation ETF in the fourth quarter valued at approximately $33,000. ORG Partners LLC purchased a new stake in shares of iShares U.S. Transportation ETF in the fourth quarter valued at approximately $54,000. Vermillion Wealth Management Inc. purchased a new stake in shares of iShares U.S. Transportation ETF in the fourth quarter valued at approximately $58,000. Finally, IFP Advisors Inc purchased a new stake in shares of iShares U.S. Transportation ETF in the fourth quarter valued at approximately $61,000.

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.