iShares U.S. Transportation ETF (BATS:IYT) Share Price Cross Below Two Hundred Day Moving Average – What’s Next?

iShares U.S. Transportation ETF (BATS:IYT)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $68.04 and traded as low as $67.38. iShares U.S. Transportation ETF shares last traded at $67.57, with a volume of 197,145 shares trading hands.

iShares U.S. Transportation ETF Price Performance

The firm’s 50-day simple moving average is $71.16 and its 200 day simple moving average is $68.04. The firm has a market capitalization of $923.70 million, a price-to-earnings ratio of 4.53 and a beta of 1.11.

Institutional Trading of iShares U.S. Transportation ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC acquired a new position in iShares U.S. Transportation ETF during the second quarter worth about $25,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of iShares U.S. Transportation ETF during the 3rd quarter valued at approximately $41,000. Bristlecone Advisors LLC acquired a new position in iShares U.S. Transportation ETF during the 3rd quarter worth approximately $81,000. Transcendent Capital Group LLC increased its position in iShares U.S. Transportation ETF by 11.4% during the 3rd quarter. Transcendent Capital Group LLC now owns 1,782 shares of the exchange traded fund’s stock worth $123,000 after purchasing an additional 182 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in iShares U.S. Transportation ETF in the third quarter valued at approximately $208,000.

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.