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

iShares U.S. Telecommunications ETF (BATS:IYZ)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.22 and traded as high as $39.83. iShares U.S. Telecommunications ETF shares last traded at $39.59, with a volume of 976,181 shares.

iShares U.S. Telecommunications ETF Trading Up 0.5%

The firm’s 50-day moving average price is $37.11 and its 200-day moving average price is $34.22. The stock has a market capitalization of $730.44 million, a PE ratio of 14.09 and a beta of 0.90.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Advanced Asset Management Advisors Inc increased its position in shares of iShares U.S. Telecommunications ETF by 4.5% during the 4th quarter. Advanced Asset Management Advisors Inc now owns 6,605 shares of the exchange traded fund’s stock valued at $224,000 after purchasing an additional 285 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 46,603 shares of the exchange traded fund’s stock worth $1,580,000 after acquiring an additional 415 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 39,612 shares of the exchange traded fund’s stock worth $1,343,000 after acquiring an additional 428 shares during the last quarter. AlphaCore Capital LLC boosted its stake in shares of iShares U.S. Telecommunications ETF by 8.4% during the 4th quarter. AlphaCore Capital LLC now owns 6,457 shares of the exchange traded fund’s stock worth $219,000 after purchasing an additional 500 shares during the period. Finally, CWM LLC raised its position in iShares U.S. Telecommunications ETF by 28.2% in the 4th quarter. CWM LLC now owns 2,658 shares of the exchange traded fund’s stock worth $90,000 after purchasing an additional 584 shares during the period.

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). The Index measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications.