iShares U.S. Transportation ETF (BATS:IYT) Reaches New 12-Month Low – Time to Sell?

Shares of iShares U.S. Transportation ETF (BATS:IYT) hit a new 52-week low during trading on Monday . The stock traded as low as $71.85 and last traded at $72.14, with a volume of 722538 shares changing hands. The stock had previously closed at $72.98.

iShares U.S. Transportation ETF Price Performance

The company’s 50 day simple moving average is $69.77 and its 200 day simple moving average is $66.74. The firm has a market cap of $982.80 million, a price-to-earnings ratio of 4.53 and a beta of 1.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in iShares U.S. Transportation ETF in the second quarter valued at $25,000. Highlander Capital Management LLC lifted its position in iShares U.S. Transportation ETF by 300.0% in the first quarter. Highlander Capital Management LLC now owns 400 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 300 shares during the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in iShares U.S. Transportation ETF in the third quarter valued at $41,000. Family Firm Inc. acquired a new stake in shares of iShares U.S. Transportation ETF during the second quarter worth about $44,000. Finally, Bristlecone Advisors LLC acquired a new stake in shares of iShares U.S. Transportation ETF in the 3rd quarter valued at about $81,000.

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.