iShares U.S. Telecommunications ETF (BATS:IYZ) Share Price Cross Above Two Hundred Day Moving Average – Time to Sell?

iShares U.S. Telecommunications ETF (BATS:IYZ)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.96 and traded as high as $27.15. iShares U.S. Telecommunications ETF shares last traded at $28.56, with a volume of 445,956 shares trading hands.

iShares U.S. Telecommunications ETF Price Performance

The company has a market cap of $568.44 million, a PE ratio of 18.98 and a beta of 0.88. The business’s 50 day moving average is $27.46 and its 200-day moving average is $26.02.

Institutional Investors Weigh In On iShares U.S. Telecommunications ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IYZ. Fisher Asset Management LLC increased its holdings 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 buying an additional 365 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the 3rd quarter worth about $2,759,000. Citigroup Inc. raised its position in shares of iShares U.S. Telecommunications ETF by 1,907.8% during the 3rd quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock worth $29,571,000 after acquiring an additional 1,112,371 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new stake in iShares U.S. Telecommunications ETF during the third quarter worth approximately $446,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new position in iShares U.S. Telecommunications ETF in the third quarter valued at approximately $532,000.

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).