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

iShares U.S. Transportation ETF (BATS:IYT)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $70.20 and last traded at $71.17, with a volume of 352812 shares. The stock had previously closed at $69.54.

iShares U.S. Transportation ETF Stock Performance

The stock has a fifty day simple moving average of $70.87 and a two-hundred day simple moving average of $68.35. The stock has a market cap of $972.84 million, a PE ratio of 4.53 and a beta of 1.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Truist Financial Corp lifted its holdings in iShares U.S. Transportation ETF by 7.5% in the 2nd quarter. Truist Financial Corp now owns 11,302 shares of the exchange traded fund’s stock worth $739,000 after buying an additional 784 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of iShares U.S. Transportation ETF by 5.5% during the second quarter. Thrivent Financial for Lutherans now owns 35,553 shares of the exchange traded fund’s stock worth $2,326,000 after acquiring an additional 1,843 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of 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. Trilogy Capital Inc. boosted its holdings in iShares U.S. Transportation ETF by 3.4% in the third quarter. Trilogy Capital Inc. now owns 4,700 shares of the exchange traded fund’s stock valued at $324,000 after purchasing an additional 155 shares during the last quarter. Finally, Verity & Verity LLC acquired a new stake in iShares U.S. Transportation ETF during the 3rd quarter valued at approximately $4,660,000.

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.