Shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $41.66 and last traded at $41.66, with a volume of 132 shares traded. The stock had previously closed at $40.68.
iShares U.S. Telecommunications ETF Stock Performance
The stock has a 50-day simple moving average of $38.91 and a 200 day simple moving average of $35.06. The company has a market cap of $760.51 million, a P/E ratio of 14.09 and a beta of 0.90.
Hedge Funds Weigh In On iShares U.S. Telecommunications ETF
Hedge funds have recently modified their holdings of the stock. Astoria Portfolio Advisors LLC. acquired a new position in shares of iShares U.S. Telecommunications ETF in the 3rd quarter worth approximately $640,000. Merit Financial Group LLC acquired a new position in shares of iShares U.S. Telecommunications ETF in the 3rd quarter worth approximately $1,772,000. Brendel Financial Advisors LLC acquired a new position in shares of iShares U.S. Telecommunications ETF in the 3rd quarter worth approximately $983,000. Clear Creek Financial Management LLC acquired a new position in shares of iShares U.S. Telecommunications ETF in the 3rd quarter worth approximately $813,000. Finally, APS Management Group Inc. acquired a new position in shares of iShares U.S. Telecommunications ETF in the 3rd quarter worth approximately $715,000.
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.
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