iShares U.S. Telecommunications ETF (BATS:IYZ) Stock Pass Above 200-Day Moving Average – What’s Next?

iShares U.S. Telecommunications ETF (BATS:IYZ)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $39.60 and traded as high as $42.02. iShares U.S. Telecommunications ETF shares last traded at $41.83, with a volume of 975,580 shares traded.

iShares U.S. Telecommunications ETF Price Performance

The stock has a market capitalization of $779.33 million, a PE ratio of 14.09 and a beta of 0.90. The firm’s 50 day simple moving average is $42.64 and its 200 day simple moving average is $39.61.

Hedge Funds Weigh In On iShares U.S. Telecommunications ETF

A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in iShares U.S. Telecommunications ETF by 4.7% during the 1st quarter. Royal Bank of Canada now owns 165,327 shares of the exchange traded fund’s stock valued at $4,527,000 after buying an additional 7,358 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in iShares U.S. Telecommunications ETF by 393.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 268,212 shares of the exchange traded fund’s stock worth $7,346,000 after buying an additional 213,827 shares during the period. Jane Street Group LLC lifted its holdings in iShares U.S. Telecommunications ETF by 126.6% in the 1st quarter. Jane Street Group LLC now owns 23,312 shares of the exchange traded fund’s stock worth $639,000 after buying an additional 13,023 shares during the period. Qube Research & Technologies Ltd lifted its holdings in iShares U.S. Telecommunications ETF by 14.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 184,398 shares of the exchange traded fund’s stock worth $5,491,000 after buying an additional 23,215 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of iShares U.S. Telecommunications ETF by 15.4% in the 2nd quarter. Raymond James Financial Inc. now owns 428,782 shares of the exchange traded fund’s stock worth $12,769,000 after buying an additional 57,284 shares during the last quarter.

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.