iShares U.S. Telecommunications ETF (BATS:IYZ) Reaches New 1-Year High – Should You Buy?

iShares U.S. Telecommunications ETF (BATS:IYZ)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $44.64 and last traded at $44.64, with a volume of 239 shares traded. The stock had previously closed at $42.56.

iShares U.S. Telecommunications ETF Price Performance

The stock has a fifty day moving average price of $40.47 and a 200 day moving average price of $36.27. The stock has a market capitalization of $782.46 million, a P/E ratio of 14.09 and a beta of 0.90.

Hedge Funds Weigh In On iShares U.S. Telecommunications ETF

Large investors have recently made changes to their positions in the stock. WFA of San Diego LLC bought a new position in shares of iShares U.S. Telecommunications ETF in the second quarter worth $25,000. Assetmark Inc. boosted its stake in iShares U.S. Telecommunications ETF by 751.9% during the third quarter. Assetmark Inc. now owns 886 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 782 shares during the period. Concord Wealth Partners bought a new stake in iShares U.S. Telecommunications ETF during the fourth quarter valued at $34,000. Allworth Financial LP boosted its stake in iShares U.S. Telecommunications ETF by 4,732.3% during the fourth quarter. Allworth Financial LP now owns 1,498 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 1,467 shares during the period. Finally, Miller Global Investments LLC bought a new stake in iShares U.S. Telecommunications ETF during the fourth quarter valued at $60,000.

About iShares U.S. Telecommunications ETF

iShares U.S. Telecommunications ETF (the Fund), formerly iShares Dow Jones U.S. Telecommunications Sector Index Fund, is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Telecommunications Index (the Index). The Index measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications.