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

iShares U.S. Transportation ETF (BATS:IYT)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $77.77 and traded as high as $79.75. iShares U.S. Transportation ETF shares last traded at $77.61, with a volume of 892,231 shares trading hands.

iShares U.S. Transportation ETF Stock Down 3.9%

The company has a market capitalization of $783.86 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. The company has a 50-day moving average price of $77.77 and a 200-day moving average price of $76.04.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. North Star Investment Management Corp. grew its position in shares of iShares U.S. Transportation ETF by 165.6% in the fourth quarter. North Star Investment Management Corp. now owns 425 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 265 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of iShares U.S. Transportation ETF in the fourth quarter valued at about $33,000. CWM LLC grew its position in iShares U.S. Transportation ETF by 103.4% during the fourth quarter. CWM LLC now owns 480 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 244 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in iShares U.S. Transportation ETF during the fourth quarter worth about $37,000. Finally, AlphaCore Capital LLC acquired a new stake in iShares U.S. Transportation ETF during the fourth quarter worth about $39,000.

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. 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.