iShares U.S. Telecommunications ETF (BATS:IYZ) Stock Pass Above 200 Day Moving Average of $21.93

iShares U.S. Telecommunications ETF (BATS:IYZ)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.93 and traded as high as $21.95. iShares U.S. Telecommunications ETF shares last traded at $21.85, with a volume of 314,648 shares traded.

iShares U.S. Telecommunications ETF Stock Performance

The company has a market capitalization of $358.73 million, a price-to-earnings ratio of 8.61 and a beta of 0.88. The business’s 50 day moving average price is $22.24 and its two-hundred day moving average price is $21.92.

Institutional Investors Weigh In On iShares U.S. Telecommunications ETF

Several hedge funds have recently made changes to their positions in the company. Morgan Stanley increased its stake in iShares U.S. Telecommunications ETF by 29.8% in the 4th quarter. Morgan Stanley now owns 3,682,125 shares of the exchange traded fund’s stock valued at $82,590,000 after buying an additional 845,712 shares during the period. Millennium Management LLC increased its stake in iShares U.S. Telecommunications ETF by 633.4% in the 4th quarter. Millennium Management LLC now owns 241,247 shares of the exchange traded fund’s stock valued at $5,411,000 after buying an additional 208,353 shares during the period. Barclays PLC acquired a new position in iShares U.S. Telecommunications ETF in the 4th quarter valued at approximately $4,552,000. JPMorgan Chase & Co. increased its stake in iShares U.S. Telecommunications ETF by 596.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 187,555 shares of the exchange traded fund’s stock valued at $4,713,000 after buying an additional 160,632 shares during the period. Finally, First Republic Investment Management Inc. increased its stake in iShares U.S. Telecommunications ETF by 602.8% in the 4th quarter. First Republic Investment Management Inc. now owns 165,326 shares of the exchange traded fund’s stock valued at $3,708,000 after buying an additional 141,802 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).