iShares U.S. Telecommunications ETF (BATS:IYZ) Stock Price Pass Above 200 Day Moving Average – What’s Next?

iShares U.S. Telecommunications ETF (BATS:IYZ) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.22 and traded as high as $39.83. iShares U.S. Telecommunications ETF shares last traded at $39.59, with a volume of 976,181 shares traded.

iShares U.S. Telecommunications ETF Stock Performance

The company has a 50-day moving average of $37.11 and a 200 day moving average of $34.22. The firm has a market cap of $730.44 million, a P/E ratio of 14.09 and a beta of 0.90.

Institutional Investors Weigh In On iShares U.S. Telecommunications ETF

A number of hedge funds have recently made changes to their positions in IYZ. WFA of San Diego LLC bought a new stake in iShares U.S. Telecommunications ETF during the second quarter worth about $25,000. Assetmark Inc. raised its stake in shares of 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 valued at $29,000 after acquiring an additional 782 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of iShares U.S. Telecommunications ETF in the 2nd quarter worth approximately $32,000. Concord Wealth Partners acquired a new position in shares of iShares U.S. Telecommunications ETF in the 4th quarter worth approximately $34,000. Finally, Allworth Financial LP grew its position in 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 worth $51,000 after acquiring 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.