Compass Financial Management LLC Takes $1.21 Million Position in iShares U.S. Telecommunications ETF $IYZ

Compass Financial Management LLC bought a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) in the second quarter, HoldingsChannel reports. The institutional investor bought 28,651 shares of the exchange traded fund’s stock, valued at approximately $1,213,000.

Other large investors have also made changes to their positions in the company. Kesler Norman & Wride LLC acquired a new position in iShares U.S. Telecommunications ETF during the 4th quarter valued at about $1,198,000. WealthCare Asset Management LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the 4th quarter worth approximately $7,871,000. Lifestyle Asset Management Inc. grew its position in shares of iShares U.S. Telecommunications ETF by 37.2% during the 4th quarter. Lifestyle Asset Management Inc. now owns 103,417 shares of the exchange traded fund’s stock worth $3,506,000 after buying an additional 28,053 shares during the period. UBS Group AG raised its stake in shares of iShares U.S. Telecommunications ETF by 54.3% during the fourth quarter. UBS Group AG now owns 224,982 shares of the exchange traded fund’s stock worth $7,627,000 after buying an additional 79,153 shares during the last quarter. Finally, Advisortrust Partners LLC bought a new stake in shares of iShares U.S. Telecommunications ETF during the first quarter worth approximately $12,322,000.

iShares U.S. Telecommunications ETF Price Performance

Shares of BATS IYZ opened at $42.69 on Friday. iShares U.S. Telecommunications ETF has a fifty-two week low of $31.06 and a fifty-two week high of $46.07. The firm has a market capitalization of $787.63 million, a P/E ratio of 14.09 and a beta of 0.90. The company’s 50 day simple moving average is $42.08 and its 200 day simple moving average is $41.63.

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). 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.