iShares U.S. Telecommunications ETF (BATS:IYZ – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $39.15 and traded as high as $42.53. iShares U.S. Telecommunications ETF shares last traded at $42.47, with a volume of 1,261,432 shares changing hands.
iShares U.S. Telecommunications ETF Trading Down 1.2%
The firm has a market cap of $771.21 million, a P/E ratio of 14.09 and a beta of 0.90. The stock has a 50 day simple moving average of $42.79 and a 200-day simple moving average of $39.21.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of IYZ. TD Waterhouse Canada Inc. purchased a new stake in shares of iShares U.S. Telecommunications ETF in the 4th quarter worth $2,610,000. Kesler Norman & Wride LLC purchased a new stake in iShares U.S. Telecommunications ETF in the fourth quarter worth about $1,198,000. Summit Financial Consulting LLC lifted its stake in iShares U.S. Telecommunications ETF by 8.3% in the fourth quarter. Summit Financial Consulting LLC now owns 228,255 shares of the exchange traded fund’s stock worth $7,738,000 after acquiring an additional 17,509 shares during the period. Leo Wealth LLC bought a new position in iShares U.S. Telecommunications ETF during the 4th quarter worth about $963,000. Finally, WealthCare Asset Management LLC purchased a new position in iShares U.S. Telecommunications ETF during the 4th quarter valued at about $7,871,000.
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.
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