iShares U.S. Telecommunications ETF (BATS:IYZ) Stock Price Cross Above 200 Day Moving Average – Here’s Why

Shares of iShares U.S. Telecommunications ETF (BATS:IYZ) 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 trading hands.

iShares U.S. Telecommunications ETF Trading Down 2.6%

The company has a market capitalization of $732.65 million, a P/E ratio of 14.09 and a beta of 0.90. The company’s fifty day moving average is $42.26 and its 200 day moving average is $40.21.

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

Several hedge funds have recently made changes to their positions in the stock. Advanced Asset Management Advisors Inc raised its stake in shares of iShares U.S. Telecommunications ETF by 4.5% during the 4th quarter. Advanced Asset Management Advisors Inc now owns 6,605 shares of the exchange traded fund’s stock valued at $224,000 after purchasing an additional 285 shares during the period. Commonwealth Equity Services LLC boosted its stake in iShares U.S. Telecommunications ETF by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 46,603 shares of the exchange traded fund’s stock worth $1,580,000 after purchasing an additional 415 shares during the period. HighTower Advisors LLC grew its holdings in iShares U.S. Telecommunications ETF by 1.1% during the 4th quarter. HighTower Advisors LLC now owns 39,612 shares of the exchange traded fund’s stock valued at $1,343,000 after buying an additional 428 shares in the last quarter. AlphaCore Capital LLC grew its holdings in iShares U.S. Telecommunications ETF by 8.4% during the 4th quarter. AlphaCore Capital LLC now owns 6,457 shares of the exchange traded fund’s stock valued at $219,000 after buying an additional 500 shares in the last quarter. Finally, CWM LLC increased its position in shares of iShares U.S. Telecommunications ETF by 28.2% during the fourth quarter. CWM LLC now owns 2,658 shares of the exchange traded fund’s stock valued at $90,000 after buying an additional 584 shares during the period.

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.