iShares U.S. Transportation ETF (BATS:IYT – Get Free Report)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $68.42 and traded as high as $70.08. iShares U.S. Transportation ETF shares last traded at $70.04, with a volume of 522,381 shares traded.
iShares U.S. Transportation ETF Stock Performance
The stock has a market capitalization of $320.32 million, a price-to-earnings ratio of 14.82 and a beta of 1.20. The company has a 50-day moving average of $68.54 and a 200-day moving average of $63.34.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of IYT. PNC Financial Services Group Inc. grew its stake in iShares U.S. Transportation ETF by 68.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,105 shares of the exchange traded fund’s stock worth $290,000 after acquiring an additional 448 shares during the period. Vima LLC purchased a new position in shares of iShares U.S. Transportation ETF in the 4th quarter worth $77,000. Transcendent Capital Group LLC purchased a new position in shares of iShares U.S. Transportation ETF in the 4th quarter worth $105,000. DRW Securities LLC acquired a new position in iShares U.S. Transportation ETF in the fourth quarter valued at $208,000. Finally, Mercer Global Advisors Inc. ADV grew its position in iShares U.S. Transportation ETF by 85.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,631 shares of the exchange traded fund’s stock valued at $428,000 after acquiring an additional 752 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.
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