iShares U.S. Telecommunications ETF (BATS:IYZ – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $43.82 and last traded at $43.82, with a volume of 189904 shares. The stock had previously closed at $42.92.
iShares U.S. Telecommunications ETF Trading Up 2.7%
The company has a fifty day simple moving average of $41.08 and a two-hundred day simple moving average of $37.01. The company has a market cap of $813.28 million, a PE ratio of 14.09 and a beta of 0.90.
Institutional Investors Weigh In On iShares U.S. Telecommunications ETF
Several large investors have recently bought and sold shares of the stock. WFA of San Diego LLC acquired a new position in iShares U.S. Telecommunications ETF in the second quarter valued at $25,000. Western Wealth Management LLC acquired a new stake in iShares U.S. Telecommunications ETF during the first quarter valued at approximately $34,000. Assetmark Inc. raised its stake in 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 buying an additional 782 shares in the last quarter. Concord Wealth Partners acquired a new stake in iShares U.S. Telecommunications ETF during the fourth quarter valued at approximately $34,000. Finally, Allworth Financial LP raised its stake in 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 buying an additional 1,467 shares in 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.
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