Retirement Planning Group LLC Boosts Stock Position in iShares U.S. Telecommunications ETF (BATS:IYZ)

Retirement Planning Group LLC grew its stake in iShares U.S. Telecommunications ETF (BATS:IYZ) by 82.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,671 shares of the exchange traded fund’s stock after acquiring an additional 17,511 shares during the quarter. Retirement Planning Group LLC’s holdings in iShares U.S. Telecommunications ETF were worth $1,059,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IYZ. Stratos Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF during the fourth quarter valued at approximately $254,000. Mezzasalma Advisors LLC bought a new stake in shares of iShares U.S. Telecommunications ETF in the 4th quarter worth $226,000. Apollon Wealth Management LLC purchased a new position in shares of iShares U.S. Telecommunications ETF in the fourth quarter worth $12,947,000. Moloney Securities Asset Management LLC purchased a new position in shares of iShares U.S. Telecommunications ETF in the fourth quarter worth $8,269,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF by 4.1% during the fourth quarter. Sanctuary Advisors LLC now owns 57,490 shares of the exchange traded fund’s stock valued at $1,574,000 after purchasing an additional 2,276 shares in the last quarter.

iShares U.S. Telecommunications ETF Stock Performance

BATS IYZ opened at $28.60 on Thursday. iShares U.S. Telecommunications ETF has a one year low of $20.72 and a one year high of $28.80. The stock has a 50-day moving average of $26.99 and a 200 day moving average of $27.35. The company has a market capitalization of $423.34 million, a price-to-earnings ratio of 14.65 and a beta of 0.89.

iShares U.S. Telecommunications ETF 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).