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

iShares U.S. Telecommunications ETF (BATS:IYZ) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.16 and traded as high as $40.81. iShares U.S. Telecommunications ETF shares last traded at $40.58, with a volume of 461,920 shares traded.

iShares U.S. Telecommunications ETF Stock Performance

The company has a 50 day moving average of $42.30 and a 200 day moving average of $40.16. The stock has a market capitalization of $748.70 million, a price-to-earnings 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 modified their holdings of IYZ. Camarda Financial Advisors LLC purchased a new position in shares of iShares U.S. Telecommunications ETF in the second quarter worth about $13,789,000. Bank of America Corp DE grew its stake in iShares U.S. Telecommunications ETF by 25.5% during the 1st quarter. Bank of America Corp DE now owns 1,786,452 shares of the exchange traded fund’s stock valued at $70,243,000 after acquiring an additional 363,423 shares in the last quarter. Advisortrust Partners LLC purchased a new stake in iShares U.S. Telecommunications ETF during the 1st quarter valued at about $12,322,000. BNP Paribas Financial Markets raised its holdings in iShares U.S. Telecommunications ETF by 50.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 851,301 shares of the exchange traded fund’s stock valued at $27,463,000 after acquiring an additional 283,692 shares during the last quarter. Finally, WealthCare Asset Management LLC acquired a new stake in iShares U.S. Telecommunications ETF in the 4th quarter valued at about $7,871,000.

About iShares U.S. Telecommunications ETF

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.