iShares U.S. Telecommunications ETF (BATS:IYZ) Reaches New 1-Year High – Here’s What Happened

iShares U.S. Telecommunications ETF (BATS:IYZ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $39.86 and last traded at $39.7830, with a volume of 174377 shares changing hands. The stock had previously closed at $39.75.

iShares U.S. Telecommunications ETF Stock Performance

The company has a market cap of $733.15 million, a P/E ratio of 14.09 and a beta of 0.90. The stock has a 50 day moving average price of $35.81 and a 200 day moving average price of $33.49.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advanced Asset Management Advisors Inc boosted 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 in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of iShares U.S. Telecommunications ETF by 0.9% during 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 in the last quarter. HighTower Advisors LLC grew 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 raised its position in shares of iShares U.S. Telecommunications ETF by 8.4% during the fourth 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 lifted its holdings in shares of iShares U.S. Telecommunications ETF by 28.2% during the fourth quarter. CWM LLC now owns 2,658 shares of the exchange traded fund’s stock valued at $90,000 after purchasing an additional 584 shares during the last quarter.

About iShares U.S. Telecommunications ETF

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.