Kingswood Wealth Advisors LLC reduced its stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) by 34.0% in the second quarter, Holdings Channel reports. The fund owned 7,652 shares of the exchange traded fund’s stock after selling 3,950 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in iShares U.S. Telecommunications ETF were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of iShares U.S. Telecommunications ETF during the 1st quarter valued at approximately $44,000. Strengthening Families & Communities LLC grew its position in shares of 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 valued at $199,000 after acquiring an additional 6,827 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of iShares U.S. Telecommunications ETF during the 1st quarter valued at approximately $583,000. Family Legacy Financial Solutions LLC bought a new position in iShares U.S. Telecommunications ETF in the 2nd quarter worth approximately $56,000. Finally, Baker Avenue Asset Management LP bought a new position in iShares U.S. Telecommunications ETF in the 1st quarter worth approximately $3,347,000.
iShares U.S. Telecommunications ETF Trading Up 20.4%
IYZ opened at $32.20 on Friday. The company has a 50 day moving average of $31.54 and a 200 day moving average of $29.22. The company has a market cap of $594.11 million, a PE ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a 12 month low of $21.55 and a 12 month high of $30.50.
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).
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