iShares U.S. Transportation ETF (BATS:IYT) Sets New 12-Month Low – Here’s What Happened

iShares U.S. Transportation ETF (BATS:IYT)’s stock price reached a new 52-week low on Monday . The company 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 Trading Up 0.8 %

The company has a market capitalization of $956.46 million, a price-to-earnings ratio of 4.53 and a beta of 1.11. The firm’s 50 day simple moving average is $70.41 and its 200-day simple moving average is $68.91.

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

A number of institutional investors have recently added to or reduced their stakes in IYT. Barclays PLC increased its holdings in shares of iShares U.S. Transportation ETF by 48.7% in the 3rd quarter. Barclays PLC now owns 297,319 shares of the exchange traded fund’s stock valued at $20,488,000 after purchasing an additional 97,319 shares in the last quarter. First Financial Bankshares Inc increased its holdings in iShares U.S. Transportation ETF by 0.6% in the third quarter. First Financial Bankshares Inc now owns 266,979 shares of the exchange traded fund’s stock valued at $18,398,000 after buying an additional 1,575 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of iShares U.S. Transportation ETF by 37.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 166,539 shares of the exchange traded fund’s stock valued at $11,476,000 after acquiring an additional 45,127 shares during the period. National Bank of Canada FI boosted its stake in shares of 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 acquiring an additional 101,335 shares in the last quarter. Finally, Jmac Enterprises LLC grew its holdings in shares of iShares U.S. Transportation ETF by 5.4% in the 4th quarter. Jmac Enterprises LLC now owns 68,044 shares of the exchange traded fund’s stock worth $4,598,000 after acquiring an additional 3,476 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.