iShares U.S. Transportation ETF (BATS:IYT) Sets New 52-Week Low – Should You Sell?

iShares U.S. Transportation ETF (BATS:IYT)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $70.41 and last traded at $70.25, with a volume of 188259 shares changing hands. The stock had previously closed at $70.88.

iShares U.S. Transportation ETF Stock Performance

The stock’s 50 day simple moving average is $67.74 and its 200 day simple moving average is $66.06. The firm has a market cap of $954.82 million, a P/E ratio of 4.53 and a beta of 1.11.

Institutional Trading of iShares U.S. Transportation ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of iShares U.S. Transportation ETF by 168.0% in the first 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 purchasing an additional 168,000 shares during the last quarter. BNP Paribas Financial Markets increased its stake in iShares U.S. Transportation ETF by 148,658.6% in the 1st quarter. BNP Paribas Financial Markets now owns 165,122 shares of the exchange traded fund’s stock valued at $11,625,000 after buying an additional 165,011 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of iShares U.S. Transportation ETF by 256.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 156,180 shares of the exchange traded fund’s stock worth $10,995,000 after buying an additional 112,425 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of iShares U.S. Transportation ETF by 5,260.3% in the 1st quarter. Advisory Services Network LLC now owns 100,881 shares of the exchange traded fund’s stock worth $7,102,000 after buying an additional 98,999 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of iShares U.S. Transportation ETF in the 2nd quarter worth approximately $2,190,000.

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.