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

Shares of iShares U.S. Telecommunications ETF (BATS:IYZ) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $22.91 and traded as high as $26.85. iShares U.S. Telecommunications ETF shares last traded at $26.78, with a volume of 886,587 shares changing hands.

iShares U.S. Telecommunications ETF Stock Up 2.5 %

The stock has a 50-day moving average of $25.04 and a 200 day moving average of $22.91. The company has a market capitalization of $269.14 million, a PE ratio of 13.32 and a beta of 0.86.

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

A number of hedge funds have recently made changes to their positions in the business. Bank of Montreal Can increased its holdings in iShares U.S. Telecommunications ETF by 0.5% during the second quarter. Bank of Montreal Can now owns 123,651 shares of the exchange traded fund’s stock worth $2,918,000 after buying an additional 626 shares during the last quarter. National Bank of Canada FI lifted its stake in iShares U.S. Telecommunications ETF by 0.9% in the second quarter. National Bank of Canada FI now owns 87,814 shares of the exchange traded fund’s stock valued at $1,900,000 after purchasing an additional 779 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in iShares U.S. Telecommunications ETF by 3.7% during the second quarter. Commonwealth Equity Services LLC now owns 31,563 shares of the exchange traded fund’s stock valued at $686,000 after purchasing an additional 1,114 shares during the period. Retirement Planning Group LLC increased its position in iShares U.S. Telecommunications ETF by 8.7% in the third quarter. Retirement Planning Group LLC now owns 20,297 shares of the exchange traded fund’s stock worth $513,000 after buying an additional 1,618 shares during the last quarter. Finally, Williams & Novak LLC increased its position in iShares U.S. Telecommunications ETF by 12.2% in the third quarter. Williams & Novak LLC now owns 17,940 shares of the exchange traded fund’s stock worth $453,000 after buying 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).