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

iShares U.S. Transportation ETF (BATS:IYT)’s share price reached a new 52-week low during trading on Thursday . The company 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 Trading Up 1.6 %

The stock has a 50 day simple moving average of $70.78 and a 200 day simple moving average of $68.41. The stock has a market cap of $964.44 million, a P/E ratio of 4.53 and a beta of 1.11.

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

Hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Wealth Management L.L.C. bought a new position in iShares U.S. Transportation ETF during the 3rd quarter worth $41,000. ORG Partners LLC acquired a new stake in shares of iShares U.S. Transportation ETF in the 4th quarter valued at $54,000. Bristlecone Advisors LLC acquired a new stake in shares of iShares U.S. Transportation ETF in the 3rd quarter valued at $81,000. Transcendent Capital Group LLC boosted its holdings in shares of iShares U.S. Transportation ETF by 11.4% in the 3rd quarter. Transcendent Capital Group LLC now owns 1,782 shares of the exchange traded fund’s stock valued at $123,000 after purchasing an additional 182 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of iShares U.S. Transportation ETF in the 3rd quarter valued at $208,000.

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.