iShares U.S. Transportation ETF (BATS:IYT) Hits New 1-Year Low – Here’s What Happened

iShares U.S. Transportation ETF (BATS:IYT)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $70.20 and last traded at $73.17, with a volume of 352812 shares trading hands. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Stock Up 5.2 %

The company has a market cap of $998.81 million, a price-to-earnings ratio of 4.53 and a beta of 1.11. The business’s fifty day simple moving average is $70.62 and its two-hundred day simple moving average is $68.72.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its stake in iShares U.S. Transportation ETF by 5.5% in the second quarter. Thrivent Financial for Lutherans now owns 35,553 shares of the exchange traded fund’s stock valued at $2,326,000 after acquiring an additional 1,843 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of iShares U.S. Transportation ETF in the 2nd quarter valued at about $2,190,000. Squarepoint Ops LLC acquired a new stake in shares of iShares U.S. Transportation ETF in the 2nd quarter valued at about $1,290,000. Truist Financial Corp grew its stake in iShares U.S. Transportation ETF by 7.5% during the 2nd quarter. Truist Financial Corp now owns 11,302 shares of the exchange traded fund’s stock worth $739,000 after buying an additional 784 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in iShares U.S. Transportation ETF during the second quarter worth approximately $2,096,000.

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.