Goldman Sachs Group Inc. Boosts Stock Position in iShares U.S. Telecommunications ETF $IYZ

Goldman Sachs Group Inc. boosted its stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 393.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 268,212 shares of the exchange traded fund’s stock after acquiring an additional 213,827 shares during the period. Goldman Sachs Group Inc.’s holdings in iShares U.S. Telecommunications ETF were worth $7,346,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of IYZ. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of iShares U.S. Telecommunications ETF in the 1st quarter valued at about $44,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the 1st quarter valued at about $318,000. Jane Street Group LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the 4th quarter valued at about $276,000. Strengthening Families & Communities LLC lifted its position in iShares U.S. Telecommunications ETF by 1,520.5% during the 1st quarter. Strengthening Families & Communities LLC now owns 7,276 shares of the exchange traded fund’s stock worth $199,000 after acquiring an additional 6,827 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in iShares U.S. Telecommunications ETF during the 1st quarter worth approximately $583,000.

iShares U.S. Telecommunications ETF Trading Up 19.1%

iShares U.S. Telecommunications ETF stock opened at $31.85 on Friday. iShares U.S. Telecommunications ETF has a twelve month low of $21.55 and a twelve month high of $30.50. The stock has a 50 day moving average of $30.53 and a two-hundred day moving average of $28.57. The stock has a market capitalization of $587.65 million, a price-to-earnings ratio of 14.09 and a beta of 0.90.

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).