iShares U.S. Transportation ETF (BATS:IYT) Sets New 1-Year Low – Should You Sell?

iShares U.S. Transportation ETF (BATS:IYT) shares hit a new 52-week low during trading on Monday . The company traded as low as $69.68 and last traded at $69.82, with a volume of 419175 shares. The stock had previously closed at $70.10.

iShares U.S. Transportation ETF Price Performance

The firm has a fifty day moving average of $71.73 and a 200 day moving average of $67.78. The stock has a market capitalization of $946.08 million, a price-to-earnings ratio of 4.53 and a beta of 1.11.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in IYT. Headlands Technologies LLC acquired a new position in shares of iShares U.S. Transportation ETF in the 2nd quarter valued at $25,000. Sanctuary Wealth Management L.L.C. purchased a new position in iShares U.S. Transportation ETF in the third quarter valued at $41,000. Family Firm Inc. acquired a new position in shares of iShares U.S. Transportation ETF in the second quarter worth about $44,000. Bristlecone Advisors LLC purchased a new stake in shares of iShares U.S. Transportation ETF during the 3rd quarter worth about $81,000. Finally, Transcendent Capital Group LLC grew its position in shares of iShares U.S. Transportation ETF by 11.4% during the 3rd quarter. Transcendent Capital Group LLC now owns 1,782 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 182 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.