iShares Dow Jones US Telecom (IYZ) Position Reduced by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. cut its stake in iShares Dow Jones US Telecom (NYSE:IYZ) by 45.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,808 shares of the exchange traded fund’s stock after selling 9,733 shares during the period. First Allied Advisory Services Inc.’s holdings in iShares Dow Jones US Telecom were worth $377,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in iShares Dow Jones US Telecom in the 2nd quarter worth approximately $119,000. Strategic Financial Group LLC purchased a new position in iShares Dow Jones US Telecom during the 2nd quarter worth approximately $253,000. BB&T Securities LLC raised its position in iShares Dow Jones US Telecom by 47.2% during the 2nd quarter. BB&T Securities LLC now owns 10,737 shares of the exchange traded fund’s stock worth $346,000 after buying an additional 3,443 shares during the last quarter. Timber Hill LLC purchased a new position in iShares Dow Jones US Telecom during the 2nd quarter worth approximately $349,000. Finally, Prudential Financial Inc. purchased a new position in iShares Dow Jones US Telecom during the 2nd quarter worth approximately $355,000.

iShares Dow Jones US Telecom (NYSE:IYZ) opened at 31.39 on Friday. iShares Dow Jones US Telecom has a 52-week low of $29.31 and a 52-week high of $36.74. The firm’s 50-day moving average is $31.07 and its 200-day moving average is $32.24.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 27th were issued a $0.3054 dividend. This is an increase from iShares Dow Jones US Telecom’s previous quarterly dividend of $0.20. This represents a $1.22 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Tuesday, September 26th.

ILLEGAL ACTIVITY WARNING: “iShares Dow Jones US Telecom (IYZ) Position Reduced by First Allied Advisory Services Inc.” was first published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://transcriptdaily.com/2017/10/08/ishares-dow-jones-us-telecom-iyz-position-reduced-by-first-allied-advisory-services-inc.html.

iShares Dow Jones US Telecom Profile

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).

Want to see what other hedge funds are holding IYZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Dow Jones US Telecom (NYSE:IYZ).

Institutional Ownership by Quarter for iShares Dow Jones US Telecom (NYSE:IYZ)

Receive News & Ratings for iShares Dow Jones US Telecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Dow Jones US Telecom and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply