iShares U.S. Transportation ETF (BATS:IYT) Stock Pass Above 50 Day Moving Average – Here’s Why

Shares of iShares U.S. Transportation ETF (BATS:IYT) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $77.65 and traded as high as $80.16. iShares U.S. Transportation ETF shares last traded at $79.50, with a volume of 543,632 shares trading hands.

iShares U.S. Transportation ETF Trading Down 0.7%

The stock’s 50-day moving average price is $77.65 and its 200-day moving average price is $76.41. The company has a market capitalization of $802.95 million, a P/E ratio of 16.05 and a beta of 1.25.

Institutional Trading of iShares U.S. Transportation ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC acquired a new stake in shares of iShares U.S. Transportation ETF during the 1st quarter worth approximately $37,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in iShares U.S. Transportation ETF during the 1st quarter valued at approximately $30,000. Cornerstone Planning Group LLC bought a new position in iShares U.S. Transportation ETF during the 1st quarter worth $30,000. HBW Advisory Services LLC bought a new position in iShares U.S. Transportation ETF during the 1st quarter worth $220,000. Finally, Fifth Third Bancorp acquired a new stake in iShares U.S. Transportation ETF in the first quarter worth $86,000.

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. The Index measures the performance of the transportation sector of the United States equity market, and includes companies in the primary groups, such as airlines, trucking, railroads, air freight, transportation services and industrial services.