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

iShares U.S. Telecommunications ETF (BATS:IYZGet Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.86 and traded as high as $26.95. iShares U.S. Telecommunications ETF shares last traded at $26.91, with a volume of 681,749 shares traded.

iShares U.S. Telecommunications ETF Stock Performance

The business has a fifty day moving average price of $27.23 and a 200 day moving average price of $24.86. The company has a market capitalization of $266.53 million, a PE ratio of 13.32 and a beta of 0.86.

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

A number of large investors have recently modified their holdings of IYZ. Brown Brothers Harriman & Co. purchased a new stake in shares of iShares U.S. Telecommunications ETF during the 3rd quarter valued at about $27,000. FSA Wealth Management LLC acquired a new position in shares of iShares U.S. Telecommunications ETF in the 3rd quarter worth approximately $37,000. CHICAGO TRUST Co NA acquired a new position in iShares U.S. Telecommunications ETF during the 3rd quarter valued at approximately $219,000. Blair William & Co. IL boosted its position in iShares U.S. Telecommunications ETF by 35.0% during the 2nd quarter. Blair William & Co. IL now owns 16,207 shares of the exchange traded fund’s stock valued at $352,000 after purchasing an additional 4,200 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new position in iShares U.S. Telecommunications ETF during the 4th quarter valued at approximately $381,000.

About iShares U.S. Telecommunications ETF

(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).

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