28,651 Shares in iShares U.S. Telecommunications ETF $IYZ Purchased by Compass Financial Management LLC

Compass Financial Management LLC bought a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 28,651 shares of the exchange traded fund’s stock, valued at approximately $1,213,000. Compass Financial Management LLC owned approximately 0.16% of iShares U.S. Telecommunications ETF at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IYZ. Trust Co. of Vermont purchased a new stake in shares of iShares U.S. Telecommunications ETF in the 2nd quarter worth approximately $475,000. Financial Management Professionals Inc. raised its stake in iShares U.S. Telecommunications ETF by 1.2% in the second quarter. Financial Management Professionals Inc. now owns 58,105 shares of the exchange traded fund’s stock worth $2,458,000 after buying an additional 681 shares in the last quarter. Avior Wealth Management LLC raised its stake in iShares U.S. Telecommunications ETF by 161.0% in the second quarter. Avior Wealth Management LLC now owns 48,192 shares of the exchange traded fund’s stock worth $2,039,000 after buying an additional 29,726 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in iShares U.S. Telecommunications ETF by 179.1% during the second quarter. CoreCap Advisors LLC now owns 145,979 shares of the exchange traded fund’s stock worth $6,176,000 after buying an additional 93,680 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in iShares U.S. Telecommunications ETF during the first quarter worth $34,000.

iShares U.S. Telecommunications ETF Stock Performance

Shares of BATS IYZ opened at $43.04 on Monday. The stock has a market capitalization of $794.09 million, a PE ratio of 14.09 and a beta of 0.90. The stock’s fifty day simple moving average is $41.86 and its two-hundred day simple moving average is $41.31. iShares U.S. Telecommunications ETF has a 12-month low of $30.75 and a 12-month high of $46.07.

About iShares U.S. Telecommunications ETF

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). The Index measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications.