iShares U.S. Telecommunications ETF (BATS:IYZ) Reaches New 12-Month High – Here’s What Happened

iShares U.S. Telecommunications ETF (BATS:IYZ) shares reached a new 52-week high during trading on Thursday . The company 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’s 50-day moving average price is $41.28 and its 200 day moving average price is $37.14. The stock has a market capitalization of $824.72 million, a PE ratio of 14.09 and a beta of 0.90.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. WFA of San Diego LLC purchased a new position in shares of iShares U.S. Telecommunications ETF during the 2nd quarter valued at $25,000. Western Wealth Management LLC purchased a new position in shares of iShares U.S. Telecommunications ETF during the 1st quarter valued at $34,000. Assetmark Inc. grew its position in shares of iShares U.S. Telecommunications ETF by 751.9% during the 3rd quarter. Assetmark Inc. now owns 886 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 782 shares in the last quarter. Concord Wealth Partners bought a new stake in shares of iShares U.S. Telecommunications ETF during the 4th quarter worth $34,000. Finally, Allworth Financial LP lifted its holdings in shares of iShares U.S. Telecommunications ETF by 4,732.3% during the 4th 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 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.