iShares U.S. Transportation ETF (BATS:IYT) Share Price Pass Above 50 Day Moving Average – Time to Sell?

Shares of iShares U.S. Transportation ETF (BATS:IYT) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $86.88 and traded as high as $87.56. iShares U.S. Transportation ETF shares last traded at $86.83, with a volume of 468,993 shares trading hands.

iShares U.S. Transportation ETF Stock Performance

The company’s fifty day moving average price is $86.90 and its 200-day moving average price is $82.31. The stock has a market cap of $883.85 million, a P/E ratio of 16.05 and a beta of 1.25.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IYT. Bank of America Corp DE lifted its stake in shares of 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 last quarter. Wells Fargo & Company MN lifted its position 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 last quarter. BNP Paribas Financial Markets boosted its stake in shares of 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 during the period. First Financial Bankshares Inc boosted its stake in shares of 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 during the period. Finally, Two Sigma Investments LP grew its holdings in shares of iShares U.S. Transportation ETF by 1,296.9% in the third quarter. Two Sigma Investments LP now owns 273,800 shares of the exchange traded fund’s stock worth $19,634,000 after purchasing an additional 254,200 shares during the last quarter.

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. 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.