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IYZ Sees $102.8 Million in Fund Outflows in Trailing 12 Months

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Overview of IYZ

The iShares US Telecommunications ETF (IYZ) tracks a market-cap weighted portfolio of US telecommunication companies. It tracks the performance of 23 publicly listed companies in the US telecom sector.

IYZ’s market capitalization is $435.98 million with an expense ratio of 0.45% and average daily volume of shares traded at $7.43 million. Its price-to-earnings ratio is 117.06x. Its price-to-book and distribution yields stand at 1.97x and 1.96%, respectively.

IYZ’s top five holdings include AT&T (T) at 12.28%, Verizon Communications (VZ) at 10.45%, SBA Communications at 6.25%, T-Mobile (TMUS) at 5.95%, and Century Link (CTL) at 5.62%. These make up more than 40% of IYZ’s total portfolio.

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Fund flows in IYZ

In the trailing one month, net fund outflows for the iShares US Telecommunications ETF (IYZ) was -$0.20 million. In the trailing 12-month (or TTM) period, net fund outflows stood at $102.80 million. Fund flows in the trailing one week and trailing three months were $26.67 million and -$40.31 million, respectively. Since May 6, 2015, IYZ has been trading consistently below its moving averages. Since then, fund outflows for IYZ have been -$227.18 million.

IYZ generated investor returns of -5.51% in the trailing 12-month period and 1.74% in the trailing one-month period. In comparison, it generated 4.11% in returns in the trailing three-year period, -2.72% year-to-date, and -6.92% 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 25, 2015, IYZ closed the trading day at $27.77. Based on this figure, here’s how the stock fares in terms of its moving averages:

  • 4.96% below its 100-day moving average of $29.22
  • 3.08% below its 50-day moving average of $28.65
  • 2.28% above its 20-day moving average of $28.42

Relative Strength Index

IYZ’s 14-day RSI (Relative Strength Index) is 39.75, which shows that the ETF is slightly oversold. Generally, if the RSI is above 70, it indicates the stock is overbought. An RSI figure below 30 suggests that a stock has been oversold.

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