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IYZ: $126.41 Million in Fund Outflows in Trailing 12-Month Period

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Overview of IYZ

The iShares US Telecommunications ETF (IYZ) tracks a market cap–weighted portfolio of US telecommunication companies. This ETF tracks the performance of 23 publicly listed companies in the US telecom sector. The market capitalization of the IYZ is $419.34 million with an expense ratio of 0.45%, and its average daily volume of shares traded is $7.21 million.

The top five holdings of IYZ are:

  • AT&T (T): 12.28%
  • Verizon Communications (VZ): 10.45%
  • SBA Communications: 6.25%
  • T-Mobile (TMUS): 5.95%
  • Century Link (CTL): 5.62%

These stocks comprise over 40% of IYZ’s total portfolio.

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Fund flows in IYZ

In the trailing one-month period, fund outflows for the iShares US Telecommunications ETF (IYZ) have been $32.42 million. In the trailing 12-month (or TTM) period, net fund outflows were $126.41 million. Fund flows in the trailing one-week and trailing three-month (quarterly) periods for IYZ are $10.04 million and -$65.39 million, respectively. Since May 6, 2015, IYZ is trading consistently below its moving averages and since then, fund outflows in the ETF have been -$253.85 million.

IYZ generated investor returns of -5.84% in the trailing 12-month period and -4.98% in the trailing one-month period. In comparison, it generated 5.24% returns in the trailing three-year period, -1.68% year-to-date, and -5.83% in the last three months. We can see that fund flows are directly related to ETF returns.

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Moving averages

On September 18, 2015, IYZ closed the trading day at $28.43. Based on this figure, here’s how the stock fares in terms of its moving averages:

  • 14% below its 100-day moving average of $29.35
  • 6% below its 50-day moving average of $28.74
  • 14% above its 20-day moving average of $28.39

Relative strength index

IYZ’s 14-day RSI (relative strength index) is 47.42, which shows that the ETF is neither overbought nor oversold. Generally, if the RSI is above 70, it indicates the stock is overbought. An RSI figure below 30 suggests that a stock is oversold.

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