iShares U.S. Telecommunications ETF (BATS:IYZ) Reaches New 1-Year High – Here’s What Happened

iShares U.S. Telecommunications ETF (BATS:IYZ)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $43.71 and last traded at $43.69, with a volume of 67149 shares traded. The stock had previously closed at $41.86.

iShares U.S. Telecommunications ETF Price Performance

The company has a fifty day simple moving average of $40.74 and a two-hundred day simple moving average of $36.65. The company has a market capitalization of $800.73 million, a P/E ratio of 14.09 and a beta of 0.90.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. WFA of San Diego LLC acquired a new stake in iShares U.S. Telecommunications ETF in the 2nd quarter worth approximately $25,000. Assetmark Inc. grew its holdings 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 purchasing an additional 782 shares during the last quarter. Concord Wealth Partners bought a new position in shares of iShares U.S. Telecommunications ETF in the fourth quarter valued at approximately $34,000. Allworth Financial LP raised its position in shares of iShares U.S. Telecommunications ETF by 4,732.3% in the fourth quarter. Allworth Financial LP now owns 1,498 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 1,467 shares during the period. Finally, Miller Global Investments LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the fourth quarter worth $60,000.

iShares U.S. Telecommunications ETF Company Profile

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.