iShares U.S. Transportation ETF (BATS:IYT) Stock Price Pass Above 50 Day Moving Average – Should You Sell?

iShares U.S. Transportation ETF (BATS:IYT)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 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 traded.

iShares U.S. Transportation ETF Stock Performance

The firm has a market cap of $888.29 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. The stock has a 50-day moving average of $85.27 and a 200-day moving average of $80.72.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IYT. CWM LLC boosted its stake in shares of iShares U.S. Transportation ETF by 103.4% in the fourth quarter. CWM LLC now owns 480 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 244 shares during the period. North Star Investment Management Corp. raised its holdings in iShares U.S. Transportation ETF by 165.6% in the 4th quarter. North Star Investment Management Corp. now owns 425 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 265 shares in the last quarter. CoreCap Advisors LLC bought a new stake in shares of iShares U.S. Transportation ETF during the 2nd quarter valued at $28,000. Parallel Advisors LLC lifted its position in shares of iShares U.S. Transportation ETF by 54.7% during the 4th quarter. Parallel Advisors LLC now owns 990 shares of the exchange traded fund’s stock valued at $74,000 after acquiring an additional 350 shares during the period. Finally, Cornerstone Planning Group LLC acquired a new stake in shares of iShares U.S. Transportation ETF during the 1st quarter worth $30,000.

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.