iShares U.S. Transportation ETF (BATS:IYT) Hits New 12-Month Low – Should You Sell?

iShares U.S. Transportation ETF (BATS:IYT)’s share price hit a new 52-week low on Monday . The stock traded as low as $70.20 and last traded at $71.63, with a volume of 352812 shares traded. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Stock Performance

The stock has a market cap of $979.28 million, a P/E ratio of 4.53 and a beta of 1.11. The business’s 50-day moving average price is $70.02 and its 200-day moving average price is $69.09.

Institutional Trading of iShares U.S. Transportation ETF

Hedge funds have recently bought and sold shares of the stock. Trilogy Capital Inc. increased its stake in iShares U.S. Transportation ETF by 3.4% in the 3rd quarter. Trilogy Capital Inc. now owns 4,700 shares of the exchange traded fund’s stock worth $324,000 after buying an additional 155 shares in the last quarter. Transcendent Capital Group LLC boosted its stake in shares of iShares U.S. Transportation ETF by 11.4% in the third quarter. Transcendent Capital Group LLC now owns 1,782 shares of the exchange traded fund’s stock worth $123,000 after acquiring an additional 182 shares during the period. Mutual Advisors LLC boosted its stake in shares of iShares U.S. Transportation ETF by 8.6% in the fourth quarter. Mutual Advisors LLC now owns 4,149 shares of the exchange traded fund’s stock worth $296,000 after acquiring an additional 330 shares during the period. Allworth Financial LP grew its position in shares of iShares U.S. Transportation ETF by 23.3% during the fourth quarter. Allworth Financial LP now owns 1,815 shares of the exchange traded fund’s stock worth $130,000 after purchasing an additional 343 shares in the last quarter. Finally, Massachusetts Wealth Management lifted its holdings in iShares U.S. Transportation ETF by 2.3% in the 3rd quarter. Massachusetts Wealth Management now owns 15,233 shares of the exchange traded fund’s stock worth $1,050,000 after purchasing an additional 345 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.