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

Shares of iShares U.S. Transportation ETF (BATS:IYT) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $70.20 and last traded at $70.32, with a volume of 352812 shares changing hands. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Stock Down 1.5 %

The firm has a market capitalization of $623.21 million, a PE ratio of 22.25 and a beta of 1.22. The business has a 50-day moving average price of $70.20 and a 200-day moving average price of $69.84.

Institutional Trading of iShares U.S. Transportation ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Graney & King LLC acquired a new position in shares of iShares U.S. Transportation ETF during the 4th quarter valued at about $30,000. US Bancorp DE purchased a new position in iShares U.S. Transportation ETF during the fourth quarter worth about $33,000. Sanctuary Wealth Management L.L.C. acquired a new position in iShares U.S. Transportation ETF in the 3rd quarter valued at about $41,000. ORG Partners LLC purchased a new stake in shares of iShares U.S. Transportation ETF in the 4th quarter valued at approximately $54,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of iShares U.S. Transportation ETF during the 4th quarter worth approximately $58,000.

About iShares U.S. Transportation ETF

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.