iShares U.S. Telecommunications ETF (BATS:IYZ) Stock Price Pass Above Two Hundred Day Moving Average – Here’s What Happened

iShares U.S. Telecommunications ETF (BATS:IYZ) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.

iShares U.S. Telecommunications ETF Stock Down 1.4 %

The business’s 50 day simple moving average is $27.25 and its 200-day simple moving average is $24.92. The stock has a market capitalization of $266.53 million, a price-to-earnings ratio of 13.32 and a beta of 0.86.

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

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

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).