Three Seasons Wealth LLC Has $10.55 Million Stake in iShares U.S. Telecommunications ETF $IYZ

Three Seasons Wealth LLC raised its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 95.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 249,263 shares of the exchange traded fund’s stock after acquiring an additional 121,621 shares during the period. iShares U.S. Telecommunications ETF comprises about 1.0% of Three Seasons Wealth LLC’s portfolio, making the stock its 8th largest holding. Three Seasons Wealth LLC’s holdings in iShares U.S. Telecommunications ETF were worth $10,546,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Comprehensive Financial Planning Inc. PA bought a new position in shares of iShares U.S. Telecommunications ETF during the second quarter valued at about $28,000. TD Waterhouse Canada Inc. purchased a new stake in iShares U.S. Telecommunications ETF during the 2nd quarter valued at about $28,000. Concurrent Investment Advisors LLC boosted its holdings in iShares U.S. Telecommunications ETF by 96.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 106,387 shares of the exchange traded fund’s stock valued at $4,501,000 after acquiring an additional 52,339 shares during the period. Athena Investment Management bought a new position in iShares U.S. Telecommunications ETF during the 2nd quarter worth approximately $142,000. Finally, Community Bank & Trust Waco Texas bought a new position in iShares U.S. Telecommunications ETF during the 2nd quarter worth approximately $89,000.

iShares U.S. Telecommunications ETF Price Performance

Shares of iShares U.S. Telecommunications ETF stock opened at $42.69 on Friday. The business’s 50 day simple moving average is $42.08 and its two-hundred day simple moving average is $41.63. The stock has a market capitalization of $787.63 million, a P/E ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a one year low of $31.06 and a one year high of $46.07.

iShares U.S. Telecommunications ETF 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). 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.