IYZ Sees Fund Inflows in Trailing 12-Month Period

The iShares US Telecommunications ETF (IYZ) tracks a market-cap-weighted portfolio of US telecommunication companies. IYZ tracks the performance of 24 publicly listed companies in the US telecommunications sector.

IYZ’s market capitalization is $517.9 million with an expense ratio of 0.45% and average daily volume of shares traded of $18.1 million. Its price-to-earnings ratio is 29.87x. Its price-to-book ratio and distribution yield stand at 1.84x and 1.84%, respectively.

IYZ’s top five holdings are AT&T (T) at 10.6%, Verizon Communications (VZ) at 10.4%, Level 3 Communications at 6.1%, T-Mobile (TMUS) at 5%, and Century Link (CTL) at 5.8%. These companies make up more than 40% of IYZ’s total portfolio. AT&T comprises 1.2% of the SPDR S&P 500 ETF (SPY) as well.

In the trailing one month, net fund outflows for the iShares US Telecommunications ETF (IYZ) were $23.8 million. In the trailing 12-month period, net fund inflows were $3.9 million. Fund flows in the trailing five days and trailing three months (quarterly) were -$7.9 million and $120.0 million, respectively.

IYZ generated investor returns of -5% in the trailing 12-month period and -3.3% in the trailing one-month period. In comparison, it generated 4.7% returns in the trailing three-year period, -6% year-to-date, and -4.4% in the last three months. We can see that fund flows are directly related to ETF returns.

On January 19, 2016, IYZ closed the trading day at $26.01. Based on this figure, here’s how the stock fares in terms of its moving averages:

• 9.3% below its 100-day moving average of $28.67
• 9.6% below its 50-day moving average of $28.79
• 7% below its 20-day moving average of $27.98