iShares U.S. Telecommunications ETF (BATS:IYZ) Hits New 12-Month High – Time to Buy?

iShares U.S. Telecommunications ETF (BATS:IYZ)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $39.11 and last traded at $39.0810, with a volume of 149560 shares changing hands. The stock had previously closed at $39.03.

iShares U.S. Telecommunications ETF Stock Up 0.9%

The firm has a market cap of $726.93 million, a P/E ratio of 14.09 and a beta of 0.90. The business’s 50 day moving average is $35.43 and its 200-day moving average is $33.31.

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

Several large investors have recently modified their holdings of the stock. Advanced Asset Management Advisors Inc increased its holdings in iShares U.S. Telecommunications ETF by 4.5% in the fourth quarter. Advanced Asset Management Advisors Inc now owns 6,605 shares of the exchange traded fund’s stock valued at $224,000 after buying an additional 285 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in iShares U.S. Telecommunications ETF by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 46,603 shares of the exchange traded fund’s stock worth $1,580,000 after buying an additional 415 shares during the last quarter. HighTower Advisors LLC grew its position in shares of iShares U.S. Telecommunications ETF by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 39,612 shares of the exchange traded fund’s stock worth $1,343,000 after acquiring an additional 428 shares in the last quarter. AlphaCore Capital LLC increased its holdings in shares of iShares U.S. Telecommunications ETF by 8.4% in the 4th quarter. AlphaCore Capital LLC now owns 6,457 shares of the exchange traded fund’s stock valued at $219,000 after acquiring an additional 500 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of iShares U.S. Telecommunications ETF by 28.2% in the 4th quarter. CWM LLC now owns 2,658 shares of the exchange traded fund’s stock valued at $90,000 after acquiring an additional 584 shares during the last quarter.

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). 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.