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

iShares U.S. Telecommunications ETF (BATS:IYZ) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $43.82 and last traded at $43.82, with a volume of 189904 shares changing hands. The stock had previously closed at $42.92.

iShares U.S. Telecommunications ETF Stock Performance

The business has a 50 day simple moving average of $41.08 and a 200-day simple moving average of $37.01. The stock has a market capitalization of $813.28 million, a P/E ratio of 14.09 and a beta of 0.90.

Institutional Trading of iShares U.S. Telecommunications ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Clear Creek Financial Management LLC acquired a new position in shares of iShares U.S. Telecommunications ETF in the 3rd quarter valued at $813,000. TD Waterhouse Canada Inc. acquired a new position in shares of iShares U.S. Telecommunications ETF in the 4th quarter valued at $2,610,000. Moloney Securities Asset Management LLC acquired a new position in iShares U.S. Telecommunications ETF in the 3rd quarter worth $9,288,000. Citigroup Inc. boosted its stake in iShares U.S. Telecommunications ETF by 140.2% in the 3rd quarter. Citigroup Inc. now owns 2,085,584 shares of the exchange traded fund’s stock worth $67,281,000 after purchasing an additional 1,217,487 shares during the period. Finally, Leo Wealth LLC acquired a new position in iShares U.S. Telecommunications ETF in the 4th quarter worth $963,000.

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.