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

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 $70.36 and last traded at $71.25, with a volume of 507645 shares. The stock had previously closed at $71.01.

iShares U.S. Transportation ETF Stock Up 1.5 %

The firm has a market capitalization of $981.98 million, a price-to-earnings ratio of 4.53 and a beta of 1.11. The company’s 50 day moving average price is $66.90 and its 200 day moving average price is $65.98.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IYT. Creative Planning boosted its position in iShares U.S. Transportation ETF by 3.5% in the third quarter. Creative Planning now owns 26,044 shares of the exchange traded fund’s stock valued at $1,795,000 after buying an additional 878 shares during the last quarter. McGuire Investment Group LLC boosted its holdings in shares of iShares U.S. Transportation ETF by 0.3% in the 3rd quarter. McGuire Investment Group LLC now owns 49,014 shares of the exchange traded fund’s stock valued at $3,378,000 after acquiring an additional 157 shares during the last quarter. Clarus Wealth Advisors increased its stake in shares of iShares U.S. Transportation ETF by 4.9% in the third quarter. Clarus Wealth Advisors now owns 23,877 shares of the exchange traded fund’s stock worth $1,605,000 after acquiring an additional 1,114 shares during the period. Brookstone Capital Management purchased a new position in shares of iShares U.S. Transportation ETF during the third quarter worth $242,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in iShares U.S. Transportation ETF during the third quarter valued at $1,009,000.

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.