iShares U.S. Telecommunications ETF (BATS:IYZ – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $44.64 and last traded at $44.64, with a volume of 239 shares trading hands. The stock had previously closed at $42.56.
iShares U.S. Telecommunications ETF Price Performance
The company has a market cap of $787.63 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. The firm’s fifty day moving average price is $40.40 and its 200-day moving average price is $36.20.
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. WFA of San Diego LLC bought a new stake in shares of iShares U.S. Telecommunications ETF during the second quarter valued at about $25,000. Assetmark Inc. raised its stake in shares of iShares U.S. Telecommunications ETF by 751.9% during the third quarter. Assetmark Inc. now owns 886 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 782 shares in the last quarter. Concord Wealth Partners bought a new stake in shares of iShares U.S. Telecommunications ETF during the fourth quarter valued at about $34,000. Allworth Financial LP raised its stake in shares of iShares U.S. Telecommunications ETF by 4,732.3% during the fourth quarter. Allworth Financial LP now owns 1,498 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 1,467 shares in the last quarter. Finally, Miller Global Investments LLC bought a new stake in shares of iShares U.S. Telecommunications ETF during the fourth quarter valued at about $60,000.
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). 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.
Further Reading
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