iShares U.S. Telecommunications ETF (BATS:IYZ) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of iShares U.S. Telecommunications ETF (BATS:IYZ) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $32.93 and traded as high as $38.66. iShares U.S. Telecommunications ETF shares last traded at $38.39, with a volume of 8,114,678 shares traded.

iShares U.S. Telecommunications ETF Price Performance

The business’s 50-day moving average is $34.89 and its two-hundred day moving average is $33.00. The firm has a market cap of $710.88 million, a P/E ratio of 14.09 and a beta of 0.90.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IYZ. Equitable Holdings Inc. grew its stake in iShares U.S. Telecommunications ETF by 3.0% in the fourth quarter. Equitable Holdings Inc. now owns 69,576 shares of the exchange traded fund’s stock valued at $2,359,000 after purchasing an additional 2,010 shares in the last quarter. Kovack Advisors Inc. acquired a new stake in shares of iShares U.S. Telecommunications ETF in the 4th quarter valued at approximately $448,000. Advisory Services Network LLC grew its stake in shares of iShares U.S. Telecommunications ETF by 3.3% in the fourth quarter. Advisory Services Network LLC now owns 141,791 shares of the exchange traded fund’s stock valued at $4,807,000 after buying an additional 4,581 shares in the last quarter. WealthCare Asset Management LLC bought a new position in shares of iShares U.S. Telecommunications ETF in the fourth quarter valued at $7,871,000. Finally, Blair William & Co. IL increased its holdings in iShares U.S. Telecommunications ETF by 9.0% during the fourth quarter. Blair William & Co. IL now owns 8,730 shares of the exchange traded fund’s stock worth $296,000 after buying an additional 723 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.