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 reached a new 52-week low during trading on Monday . The stock traded as low as $71.85 and last traded at $72.14, with a volume of 722538 shares changing hands. The stock had previously closed at $72.98.

iShares U.S. Transportation ETF Trading Down 1.1 %

The stock has a market capitalization of $984.85 million, a price-to-earnings ratio of 4.53 and a beta of 1.11. The business has a 50 day simple moving average of $69.53 and a 200-day simple moving average of $66.65.

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

Several institutional investors and hedge funds have recently bought and sold shares of IYT. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of iShares U.S. Transportation ETF by 168.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 268,000 shares of the exchange traded fund’s stock valued at $18,867,000 after buying an additional 168,000 shares during the period. National Bank of Canada FI boosted its holdings in 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 acquiring an additional 101,335 shares during the last quarter. Barclays PLC grew its position in iShares U.S. Transportation ETF by 48.7% during the third 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 purchased a new stake in iShares U.S. Transportation ETF during the third quarter valued at about $4,660,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of iShares U.S. Transportation ETF by 37.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 166,539 shares of the exchange traded fund’s stock worth $11,476,000 after purchasing an additional 45,127 shares during the period.

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.