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

iShares U.S. Telecommunications ETF (BATS:IYZ) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.54 and traded as high as $27.21. iShares U.S. Telecommunications ETF shares last traded at $27.05, with a volume of 1,543,713 shares changing hands.

iShares U.S. Telecommunications ETF Trading Up 0.2 %

The stock has a fifty day moving average of $27.06 and a 200-day moving average of $24.62. The firm has a market capitalization of $269.64 million, a price-to-earnings ratio of 13.32 and a beta of 0.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IYZ. Fisher Asset Management LLC boosted its holdings in shares of iShares U.S. Telecommunications ETF by 1.7% during the third quarter. Fisher Asset Management LLC now owns 22,082 shares of the exchange traded fund’s stock worth $558,000 after purchasing an additional 365 shares during the period. Raymond James & Associates grew its holdings in shares of iShares U.S. Telecommunications ETF by 6.8% during the 2nd quarter. Raymond James & Associates now owns 69,720 shares of the exchange traded fund’s stock valued at $1,514,000 after acquiring an additional 4,448 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of iShares U.S. Telecommunications ETF in the third quarter worth $2,759,000. Millennium Management LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF during the second quarter worth $5,430,000. Finally, Williams & Novak LLC boosted its position in iShares U.S. Telecommunications ETF by 12.2% during the third quarter. Williams & Novak LLC now owns 17,940 shares of the exchange traded fund’s stock valued at $453,000 after purchasing an additional 1,945 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).