iShares U.S. Telecommunications ETF (BATS:IYZ – Get Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as $40.71 and last traded at $40.68, with a volume of 468959 shares traded. The stock had previously closed at $39.90.
iShares U.S. Telecommunications ETF Trading Down 0.4%
The firm has a 50 day simple moving average of $37.85 and a two-hundred day simple moving average of $34.54. The company has a market capitalization of $750.18 million, a PE ratio of 14.09 and a beta of 0.90.
Hedge Funds Weigh In On iShares U.S. Telecommunications ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. WFA of San Diego LLC purchased a new position in iShares U.S. Telecommunications ETF during the 2nd quarter worth $25,000. Assetmark Inc. boosted its holdings in shares of iShares U.S. Telecommunications ETF by 751.9% in the third quarter. Assetmark Inc. now owns 886 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 782 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of iShares U.S. Telecommunications ETF in the second quarter valued at about $32,000. Concord Wealth Partners acquired a new position in shares of iShares U.S. Telecommunications ETF during the fourth quarter worth about $34,000. Finally, Allworth Financial LP increased 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 worth $51,000 after acquiring an additional 1,467 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.
Further Reading
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