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

iShares U.S. Transportation ETF (BATS:IYT) shares reached a new 52-week low during trading on Monday . The stock traded as low as $69.31 and last traded at $69.35, with a volume of 653491 shares changing hands. The stock had previously closed at $69.70.

iShares U.S. Transportation ETF Price Performance

The stock has a 50-day moving average price of $68.29 and a two-hundred day moving average price of $66.16. The stock has a market cap of $946.63 million, a PE ratio of 4.53 and a beta of 1.11.

Institutional Trading of iShares U.S. Transportation ETF

Large investors have recently made changes to their positions in the business. KCM Investment Advisors LLC grew its position in iShares U.S. Transportation ETF by 300.0% in the first quarter. KCM Investment Advisors LLC now owns 3,540 shares of the exchange traded fund’s stock worth $249,000 after acquiring an additional 2,655 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of iShares U.S. Transportation ETF by 7.5% in the 2nd quarter. Truist Financial Corp now owns 11,302 shares of the exchange traded fund’s stock worth $739,000 after purchasing an additional 784 shares during the period. Private Advisor Group LLC increased its position in shares of iShares U.S. Transportation ETF by 322.0% during the 1st quarter. Private Advisor Group LLC now owns 12,397 shares of the exchange traded fund’s stock valued at $873,000 after purchasing an additional 9,459 shares during the last quarter. Family Firm Inc. purchased a new stake in iShares U.S. Transportation ETF during the 2nd quarter valued at $44,000. Finally, Thrivent Financial for Lutherans lifted its position 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 worth $2,326,000 after buying an additional 1,843 shares during 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.