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

iShares U.S. Transportation ETF (BATS:IYT) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $73.58 and last traded at $73.91, with a volume of 379450 shares. The stock had previously closed at $73.18.

iShares U.S. Transportation ETF Trading Up 0.4 %

The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 4.53 and a beta of 1.11. The stock has a 50-day moving average of $69.11 and a 200-day moving average of $66.47.

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

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in shares of iShares U.S. Transportation ETF by 37.2% during the third 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. Verity & Verity LLC purchased a new position in shares of iShares U.S. Transportation ETF in the third quarter worth approximately $4,660,000. Thrivent Financial for Lutherans lifted its position in shares of iShares U.S. Transportation ETF by 23.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 43,989 shares of the exchange traded fund’s stock valued at $3,031,000 after acquiring an additional 8,436 shares in the last quarter. Florin Court Capital LLP grew its position in iShares U.S. Transportation ETF by 124.0% during the 3rd quarter. Florin Court Capital LLP now owns 34,500 shares of the exchange traded fund’s stock worth $2,377,000 after purchasing an additional 19,100 shares in the last quarter. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in iShares U.S. Transportation ETF during the 3rd quarter valued at $41,000.

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.