iShares U.S. Telecommunications ETF (BATS:IYZ) Shares Pass Above 200-Day Moving Average – Here’s Why

Shares of iShares U.S. Telecommunications ETF (BATS:IYZGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $41.53 and traded as high as $43.20. iShares U.S. Telecommunications ETF shares last traded at $43.12, with a volume of 278,278 shares traded.

iShares U.S. Telecommunications ETF Stock Up 0.0%

The company has a market cap of $785.97 million, a PE ratio of 14.09 and a beta of 0.90. The stock’s 50 day moving average is $42.01 and its 200-day moving average is $41.56.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Camarda Financial Advisors LLC acquired a new stake in iShares U.S. Telecommunications ETF in the 2nd quarter valued at approximately $13,789,000. Bank of America Corp DE boosted its position in shares of iShares U.S. Telecommunications ETF by 25.5% during the first quarter. Bank of America Corp DE now owns 1,786,452 shares of the exchange traded fund’s stock worth $70,243,000 after buying an additional 363,423 shares during the period. Advisortrust Partners LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the first quarter valued at $12,322,000. BNP Paribas Financial Markets grew its stake in shares of 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 buying an additional 283,692 shares in the last quarter. Finally, WealthCare Asset Management LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF in the 4th quarter valued at $7,871,000.

iShares U.S. Telecommunications ETF Company Profile

(Get Free Report)

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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