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 24 publicly listed companies in the US telecom sector.
The market capitalization of IYZ is $528.12 million, with an expense ratio of 0.45% and average daily volume of shares traded is $8.97 million. The price-to-earnings ratio of IYZ is 29.87x, whereas its price-to-book ratio and distribution yield stand at 1.84x and 2.36%, respectively.
The top five holdings of the ETF and their weights are:
- AT&T (T): 10.57%
- Verizon Communications (VZ): 10.40%
- Level 3 Communications: 6.13%
- T-Mobile (TMUS): 4.97%
- Century Link (CTL): 5.84%
These five holdings comprise over 40% of the total portfolio. AT&T comprises 1.16% of the SPDR S&P 500 ETF (SPY).
Fund flows in IYZ
In the trailing one-month period, the net fund outflows for the iShares US Telecommunications ETF (IYZ) were $94.49 million. In the trailing 12-month (or TTM) period, net fund outflows stood at -$36.17 million. Fund flows in the trailing three-month period for IYZ were $66.26 million. Since October 20, 2015, IYZ has traded consistently above its moving averages and since then, fund outflows in the ETF were $94 million.
IYZ generated investor returns of -0.09% in the trailing 12-month period and -0.87% in the trailing one-month period. In comparison, it generated 9.72% returns in the trailing three-year period, 3.16% year-to-date, and 9.27% in the last three months. We can see that fund flows are directly related to ETF returns.
On November 25, 2015, IYZ closed the trading day at $29.67. Based on this figure, let’s see how the stock fared in terms of its moving averages:
- 3% above its 100-day moving average of $28.81
- 2% above its 50-day moving average of $28.90
- 1% below its 20-day moving average of $29.72
Relative Strength Index
IYZ’s 14-day RSI (relative strength index) is 54, which shows that the ETF is slightly overbought. 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.