iShares U.S. Telecommunications ETF (BATS:IYZ) Stock Price Cross Above Two Hundred Day Moving Average – Time to Sell?

iShares U.S. Telecommunications ETF (BATS:IYZ)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.93 and traded as high as $38.66. iShares U.S. Telecommunications ETF shares last traded at $38.39, with a volume of 8,114,678 shares traded.

iShares U.S. Telecommunications ETF Stock Performance

The company has a market capitalization of $708.30 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. The business has a 50 day moving average price of $34.78 and a 200-day moving average price of $32.93.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Citigroup Inc. increased its stake in shares of iShares U.S. Telecommunications ETF by 140.2% in the 3rd quarter. Citigroup Inc. now owns 2,085,584 shares of the exchange traded fund’s stock valued at $67,281,000 after acquiring an additional 1,217,487 shares in the last quarter. Bank of America Corp DE grew its holdings in iShares U.S. Telecommunications ETF by 12.7% in the third quarter. Bank of America Corp DE now owns 1,617,687 shares of the exchange traded fund’s stock worth $52,187,000 after purchasing an additional 181,929 shares during the period. Pinkerton Wealth LLC increased its stake in iShares U.S. Telecommunications ETF by 4.5% in the fourth quarter. Pinkerton Wealth LLC now owns 1,253,654 shares of the exchange traded fund’s stock valued at $42,499,000 after purchasing an additional 54,456 shares in the last quarter. BNP Paribas Financial Markets increased its stake in iShares U.S. Telecommunications ETF by 50.0% in the third quarter. BNP Paribas Financial Markets now owns 851,301 shares of the exchange traded fund’s stock valued at $27,463,000 after purchasing an additional 283,692 shares in the last quarter. Finally, Sherman Porfolios LLC raised its holdings in shares of iShares U.S. Telecommunications ETF by 2.0% during the third quarter. Sherman Porfolios LLC now owns 817,539 shares of the exchange traded fund’s stock valued at $26,374,000 after purchasing an additional 15,728 shares during the period.

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.