iShares U.S. Transportation ETF (BATS:IYT) Hits New 12-Month Low at $66.26

iShares U.S. Transportation ETF (BATS:IYT) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $66.26 and last traded at $66.44, with a volume of 1305638 shares. The stock had previously closed at $65.84.

iShares U.S. Transportation ETF Stock Down 0.5 %

The business’s 50-day simple moving average is $68.27 and its two-hundred day simple moving average is $65.11. The firm has a market cap of $884.53 million, a price-to-earnings ratio of 4.48 and a beta of 1.11.

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

Large investors have recently bought and sold shares of the business. Q3 Asset Management purchased a new position in iShares U.S. Transportation ETF in the 1st quarter valued at about $15,966,000. Modera Wealth Management LLC purchased a new position in shares of iShares U.S. Transportation ETF in the third quarter valued at approximately $40,346,000. BNP Paribas Financial Markets boosted its stake in shares of iShares U.S. Transportation ETF by 148,658.6% in the first 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 during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Transportation ETF during the fourth quarter worth approximately $35,128,000. Finally, Commonwealth Equity Services LLC increased its position in shares of iShares U.S. Transportation ETF by 256.9% during the first quarter. Commonwealth Equity Services LLC now owns 156,180 shares of the exchange traded fund’s stock worth $10,995,000 after purchasing an additional 112,425 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.