Pinkerton Wealth LLC Purchases New Holdings in iShares U.S. Telecommunications ETF $IYZ

Pinkerton Wealth LLC purchased a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 33,246 shares of the exchange traded fund’s stock, valued at approximately $1,369,000.

Other large investors also recently bought and sold shares of the company. Outlook Wealth Advisors LLC increased its stake in iShares U.S. Telecommunications ETF by 32.4% in the third quarter. Outlook Wealth Advisors LLC now owns 39,508 shares of the exchange traded fund’s stock worth $1,627,000 after purchasing an additional 9,665 shares during the period. WESPAC Advisors LLC bought a new position in shares of iShares U.S. Telecommunications ETF in the third quarter worth about $699,000. Mondrian Investment Partners LTD bought a new position in shares of iShares U.S. Telecommunications ETF in the third quarter worth about $26,000. NBT Bank N.A. bought a new position in shares of iShares U.S. Telecommunications ETF in the third quarter worth about $1,559,000. Finally, Wagner Wealth Management Corp increased its stake in iShares U.S. Telecommunications ETF by 4.9% in the 3rd quarter. Wagner Wealth Management Corp now owns 49,847 shares of the exchange traded fund’s stock worth $2,053,000 after buying an additional 2,350 shares during the period.

iShares U.S. Telecommunications ETF Price Performance

Shares of IYZ opened at $38.38 on Monday. iShares U.S. Telecommunications ETF has a 1-year low of $31.06 and a 1-year high of $46.07. The company has a 50-day moving average of $41.62 and a 200 day moving average of $40.90. The firm has a market capitalization of $708.11 million, a price-to-earnings ratio of 14.09 and a beta of 0.90.

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.