Stonebrook Private Inc. acquired a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 9,585 shares of the exchange traded fund’s stock, valued at approximately $257,000.
Several other hedge funds have also recently modified their holdings of IYZ. Raymond James Financial Inc. acquired a new position in shares of iShares U.S. Telecommunications ETF during the fourth quarter valued at about $16,984,000. Independent Advisor Alliance purchased a new stake in iShares U.S. Telecommunications ETF in the fourth quarter valued at approximately $14,509,000. Apollon Wealth Management LLC purchased a new stake in iShares U.S. Telecommunications ETF in the fourth quarter valued at approximately $12,947,000. LPL Financial LLC boosted its position in iShares U.S. Telecommunications ETF by 675.8% in the fourth quarter. LPL Financial LLC now owns 441,129 shares of the exchange traded fund’s stock valued at $11,836,000 after buying an additional 384,267 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new stake in iShares U.S. Telecommunications ETF in the fourth quarter valued at approximately $9,599,000.
iShares U.S. Telecommunications ETF Stock Up 7.3%
Shares of BATS IYZ opened at $28.70 on Monday. The business’s 50 day moving average price is $26.72 and its 200 day moving average price is $27.20. The firm has a market cap of $387.38 million, a P/E ratio of 13.95 and a beta of 0.89. iShares U.S. Telecommunications ETF has a 52 week low of $20.72 and a 52 week high of $28.80.
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).
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Want to see what other hedge funds are holding IYZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report).
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