iShares U.S. Transportation ETF (BATS:IYT) Hits New 52-Week Low – Time to Sell?

Shares of iShares U.S. Transportation ETF (BATS:IYT) reached a new 52-week low on Tuesday . The stock traded as low as $70.20 and last traded at $72.85, with a volume of 352812 shares traded. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Stock Performance

The business has a 50 day moving average price of $70.07 and a 200-day moving average price of $69.43. The company has a market capitalization of $657.28 million, a price-to-earnings ratio of 22.25 and a beta of 1.22.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Transportation ETF by 371.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,607 shares of the exchange traded fund’s stock worth $4,383,000 after purchasing an additional 50,129 shares in the last quarter. Mutual Advisors LLC raised its stake in iShares U.S. Transportation ETF by 8.6% during the 4th quarter. Mutual Advisors LLC now owns 4,149 shares of the exchange traded fund’s stock worth $296,000 after buying an additional 330 shares during the period. BNP Paribas Financial Markets boosted its holdings in iShares U.S. Transportation ETF by 37.2% in the third quarter. BNP Paribas Financial Markets now owns 166,539 shares of the exchange traded fund’s stock worth $11,476,000 after acquiring an additional 45,127 shares in the last quarter. Verity & Verity LLC acquired a new stake in iShares U.S. Transportation ETF in the third quarter valued at approximately $4,660,000. Finally, Creative Planning increased its holdings in shares of iShares U.S. Transportation ETF by 3.5% during the third quarter. Creative Planning now owns 26,044 shares of the exchange traded fund’s stock valued at $1,795,000 after acquiring an additional 878 shares in the last quarter.

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.