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

iShares U.S. Transportation ETF (BATS:IYT)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $84.91 and traded as high as $89.71. iShares U.S. Transportation ETF shares last traded at $88.26, with a volume of 458,287 shares.

iShares U.S. Transportation ETF Price Performance

The stock has a market capitalization of $891.43 million, a P/E ratio of 16.05 and a beta of 1.25. The stock’s fifty day moving average is $84.91 and its two-hundred day moving average is $80.53.

Institutional Trading of iShares U.S. Transportation ETF

Several hedge funds and other institutional investors have recently modified their holdings of IYT. Bank of America Corp DE boosted its position in iShares U.S. Transportation ETF by 26.5% during the 1st quarter. Bank of America Corp DE now owns 408,579 shares of the exchange traded fund’s stock worth $30,480,000 after acquiring an additional 85,669 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of iShares U.S. Transportation ETF by 60.1% during the fourth quarter. Wells Fargo & Company MN now owns 359,247 shares of the exchange traded fund’s stock worth $26,767,000 after purchasing an additional 134,924 shares during the period. BNP Paribas Financial Markets grew its position in iShares U.S. Transportation ETF by 205,850.0% during the fourth quarter. BNP Paribas Financial Markets now owns 350,115 shares of the exchange traded fund’s stock valued at $26,087,000 after purchasing an additional 349,945 shares in the last quarter. First Financial Bankshares Inc grew its position in iShares U.S. Transportation ETF by 4.6% during the fourth quarter. First Financial Bankshares Inc now owns 293,923 shares of the exchange traded fund’s stock valued at $21,900,000 after purchasing an additional 12,900 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in iShares U.S. Transportation ETF by 1,296.9% in the 3rd quarter. Two Sigma Investments LP now owns 273,800 shares of the exchange traded fund’s stock valued at $19,634,000 after buying an additional 254,200 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. 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.