Ameriprise Financial Inc. Decreases Stake in iShares Dow Jones US Telecom (IYZ)

Ameriprise Financial Inc. lessened its position in iShares Dow Jones US Telecom (BATS:IYZ) by 50.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 987,457 shares of the exchange traded fund’s stock after selling 1,004,682 shares during the quarter. Ameriprise Financial Inc. owned about 7.84% of iShares Dow Jones US Telecom worth $30,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IYZ. SG Americas Securities LLC lifted its position in iShares Dow Jones US Telecom by 57.3% during the third quarter. SG Americas Securities LLC now owns 5,818 shares of the exchange traded fund’s stock worth $177,000 after buying an additional 2,119 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in iShares Dow Jones US Telecom by 83.3% during the third quarter. BNP Paribas Arbitrage SA now owns 550,000 shares of the exchange traded fund’s stock worth $16,726,000 after buying an additional 250,000 shares in the last quarter. Cape Cod Five Cents Savings Bank lifted its position in iShares Dow Jones US Telecom by 45.9% during the third quarter. Cape Cod Five Cents Savings Bank now owns 50,681 shares of the exchange traded fund’s stock worth $1,541,000 after buying an additional 15,941 shares in the last quarter. Rothschild Capital Partners LLC purchased a new position in iShares Dow Jones US Telecom during the third quarter worth approximately $1,719,000. Finally, Strategic Financial Group LLC lifted its position in iShares Dow Jones US Telecom by 24.2% during the third quarter. Strategic Financial Group LLC now owns 9,725 shares of the exchange traded fund’s stock worth $296,000 after buying an additional 1,896 shares in the last quarter.

Shares of iShares Dow Jones US Telecom (BATS IYZ) opened at $29.49 on Wednesday. iShares Dow Jones US Telecom has a one year low of $27.24 and a one year high of $36.74.

ILLEGAL ACTIVITY WARNING: This story was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://transcriptdaily.com/2017/12/06/ameriprise-financial-inc-decreases-stake-in-ishares-dow-jones-us-telecom-iyz.html.

iShares Dow Jones US Telecom Company 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).

Institutional Ownership by Quarter for iShares Dow Jones US Telecom (BATS: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