iShares U.S. Telecommunications ETF (BATS:IYZ) Share Price Cross Above Two Hundred Day Moving Average – Here’s Why

iShares U.S. Telecommunications ETF (BATS:IYZ)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.86 and traded as high as $26.95. iShares U.S. Telecommunications ETF shares last traded at $26.91, with a volume of 681,749 shares.

iShares U.S. Telecommunications ETF Price Performance

The company has a market cap of $266.53 million, a price-to-earnings ratio of 13.32 and a beta of 0.86. The business’s fifty day moving average price is $27.23 and its 200 day moving average price is $24.86.

Institutional Trading of iShares U.S. Telecommunications ETF

A number of large investors have recently made changes to their positions in the stock. Citigroup Inc. boosted its stake in shares of iShares U.S. Telecommunications ETF by 1,907.8% during the third quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock valued at $29,571,000 after acquiring an additional 1,112,371 shares during the last quarter. Strengthening Families & Communities LLC boosted its stake in shares of iShares U.S. Telecommunications ETF by 5.4% during the third quarter. Strengthening Families & Communities LLC now owns 283,668 shares of the exchange traded fund’s stock valued at $7,165,000 after acquiring an additional 14,507 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the second quarter valued at $5,430,000. Penserra Capital Management LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the third quarter valued at $4,513,000. Finally, Pinnacle Family Advisors LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the third quarter valued at $3,481,000.

About iShares U.S. Telecommunications ETF

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).