iShares U.S. Transportation ETF (BATS:IYT) Stock Cross Above 50-Day Moving Average of $68.42

iShares U.S. Transportation ETF (BATS:IYT)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $68.42 and traded as high as $70.08. iShares U.S. Transportation ETF shares last traded at $70.04, with a volume of 522,381 shares trading hands.

iShares U.S. Transportation ETF Price Performance

The firm has a market cap of $318.68 million, a price-to-earnings ratio of 14.82 and a beta of 1.20. The company has a fifty day moving average price of $68.42 and a two-hundred day moving average price of $63.29.

Institutional Investors Weigh In On iShares U.S. Transportation ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Eqis Capital Management Inc. acquired a new stake in shares of iShares U.S. Transportation ETF during the second quarter worth $1,108,000. Cetera Investment Advisers raised its position in shares of iShares U.S. Transportation ETF by 4.9% during the second quarter. Cetera Investment Advisers now owns 1,167 shares of the exchange traded fund’s stock worth $292,000 after purchasing an additional 55 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of iShares U.S. Transportation ETF during the third quarter worth $46,000. JPMorgan Chase & Co. raised its position in shares of iShares U.S. Transportation ETF by 501.2% during the second quarter. JPMorgan Chase & Co. now owns 322,388 shares of the exchange traded fund’s stock worth $80,539,000 after purchasing an additional 268,768 shares during the period. Finally, Osaic Holdings Inc. raised its position in iShares U.S. Transportation ETF by 6.0% during the second quarter. Osaic Holdings Inc. now owns 15,021 shares of the exchange traded fund’s stock valued at $3,754,000 after buying an additional 851 shares during the period.

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.