iShares U.S. Telecommunications ETF (BATS:IYZ) Shares Pass Above 200 Day Moving Average – What’s Next?

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

iShares U.S. Telecommunications ETF Stock Down 1.4 %

The business’s 50 day simple moving average is $27.25 and its two-hundred day simple moving average is $24.92. The stock has a market capitalization of $266.53 million, a P/E ratio of 13.32 and a beta of 0.86.

Institutional Trading of iShares U.S. Telecommunications ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in iShares U.S. Telecommunications ETF by 1.7% in the third quarter. Fisher Asset Management LLC now owns 22,082 shares of the exchange traded fund’s stock valued at $558,000 after acquiring an additional 365 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of iShares U.S. Telecommunications ETF in the third quarter valued at $2,759,000. Millennium Management LLC purchased a new position in shares of iShares U.S. Telecommunications ETF during the 2nd quarter valued at $5,430,000. Williams & Novak LLC grew its stake in shares of iShares U.S. Telecommunications ETF by 12.2% during the 3rd quarter. Williams & Novak LLC now owns 17,940 shares of the exchange traded fund’s stock worth $453,000 after acquiring an additional 1,945 shares during the period. Finally, Bank of Montreal Can increased its holdings in iShares U.S. Telecommunications ETF by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 123,651 shares of the exchange traded fund’s stock worth $2,918,000 after acquiring an additional 626 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).