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

iShares U.S. Transportation ETF (BATS:IYT) shares reached a new 52-week low on Monday . The stock traded as low as $70.41 and last traded at $70.25, with a volume of 188259 shares. The stock had previously closed at $70.88.

iShares U.S. Transportation ETF Stock Performance

The business’s 50 day moving average price is $67.74 and its 200-day moving average price is $66.06. The firm has a market cap of $954.82 million, a price-to-earnings ratio of 4.53 and a beta of 1.11.

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

A number of institutional investors have recently made changes to their positions in IYT. PNC Financial Services Group Inc. boosted its holdings in iShares U.S. Transportation ETF by 68.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,105 shares of the exchange traded fund’s stock worth $290,000 after purchasing an additional 448 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of iShares U.S. Transportation ETF by 450.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 6,276 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 5,135 shares during the period. Norwood Financial Corp grew its position in shares of iShares U.S. Transportation ETF by 300.0% during the 1st quarter. Norwood Financial Corp now owns 500 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 375 shares during the last quarter. Toth Financial Advisory Corp raised its stake in iShares U.S. Transportation ETF by 1,434.5% during the first quarter. Toth Financial Advisory Corp now owns 18,076 shares of the exchange traded fund’s stock worth $1,273,000 after acquiring an additional 16,898 shares during the period. Finally, Founders Financial Securities LLC bought a new position in iShares U.S. Transportation ETF in the first quarter worth about $331,000.

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.