Shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $39.86 and last traded at $39.7830, with a volume of 174377 shares. The stock had previously closed at $39.75.
iShares U.S. Telecommunications ETF Stock Down 1.2%
The stock has a market capitalization of $732.83 million, a PE ratio of 14.09 and a beta of 0.90. The firm’s fifty day moving average price is $36.05 and its two-hundred day moving average price is $33.62.
Hedge Funds Weigh In On iShares U.S. Telecommunications ETF
Several hedge funds and other institutional investors have recently modified their holdings of IYZ. WFA of San Diego LLC bought a new stake in shares of iShares U.S. Telecommunications ETF in the second quarter worth $25,000. Assetmark Inc. boosted its position in iShares U.S. Telecommunications ETF by 751.9% in the third quarter. Assetmark Inc. now owns 886 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 782 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of iShares U.S. Telecommunications ETF during the 2nd quarter valued at about $32,000. Concord Wealth Partners bought a new stake in shares of iShares U.S. Telecommunications ETF during the 4th quarter valued at about $34,000. Finally, Allworth Financial LP increased its position in shares of iShares U.S. Telecommunications ETF by 4,732.3% during the 4th 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 last quarter.
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.
Further Reading
- Five stocks we like better than iShares U.S. Telecommunications ETF
- New Copper-Rich “Kraken” Zone Discovered
- Silver Is the New Oil—And the World’s Running Dry
- America’s 1776 happening again
- 3 Signs You May Want to Switch Financial Advisors
- Silver’s squeeze is tightening – opportunity forming
Receive News & Ratings for iShares U.S. Telecommunications ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Telecommunications ETF and related companies with MarketBeat.com's FREE daily email newsletter.
