iShares U.S. Transportation ETF (BATS:IYT) Reaches New 52-Week Low – Here’s Why

Posted by Mickey Rousseau on Nov 25th, 2024

iShares U.S. Transportation ETF (BATS:IYT – Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $74.30 and last traded at $75.41, with a volume of 595023 shares changing hands. The stock had previously closed at $73.58.

iShares U.S. Transportation ETF Stock Up 2.5 %

The business has a 50-day moving average price of $70.16 and a two-hundred day moving average price of $66.87. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 4.53 and a beta of 1.11.

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

Hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI raised its holdings in shares of iShares U.S. Transportation ETF by 20,513.2% in the third quarter. National Bank of Canada FI now owns 101,829 shares of the exchange traded fund’s stock valued at $7,017,000 after purchasing an additional 101,335 shares during the last quarter. Barclays PLC raised its holdings in iShares U.S. Transportation ETF by 48.7% during the 3rd quarter. Barclays PLC now owns 297,319 shares of the exchange traded fund’s stock valued at $20,488,000 after acquiring an additional 97,319 shares during the period. Verity & Verity LLC bought a new position in iShares U.S. Transportation ETF in the 3rd quarter worth about $4,660,000. BNP Paribas Financial Markets increased its holdings in 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 worth $11,476,000 after acquiring an additional 45,127 shares during the period. Finally, Marshall Wace LLP bought a new stake in iShares U.S. Transportation ETF during the second quarter valued at $2,190,000.

About iShares U.S. Transportation ETF

(Get Free Report)

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.