Raymond James & Associates Sells 3,851 Shares of iShares U.S. Telecommunications ETF (BATS:IYZ)

Raymond James & Associates trimmed its stake in iShares U.S. Telecommunications ETF (BATS:IYZ) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,332 shares of the exchange traded fund’s stock after selling 3,851 shares during the period. Raymond James & Associates owned about 0.55% of iShares U.S. Telecommunications ETF worth $1,532,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. IFP Advisors Inc grew its position in iShares U.S. Telecommunications ETF by 16.5% in the first quarter. IFP Advisors Inc now owns 3,300 shares of the exchange traded fund’s stock valued at $90,000 after acquiring an additional 468 shares during the period. FMR LLC grew its holdings in shares of iShares U.S. Telecommunications ETF by 23.5% during the first quarter. FMR LLC now owns 3,355 shares of the exchange traded fund’s stock worth $78,000 after purchasing an additional 638 shares during the last quarter. Great Lakes Advisors LLC grew its holdings in shares of iShares U.S. Telecommunications ETF by 1.7% during the first quarter. Great Lakes Advisors LLC now owns 84,224 shares of the exchange traded fund’s stock worth $1,951,000 after purchasing an additional 1,409 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of iShares U.S. Telecommunications ETF by 15.1% during the first quarter. Cetera Investment Advisers now owns 11,460 shares of the exchange traded fund’s stock worth $343,000 after purchasing an additional 1,507 shares during the last quarter. Finally, Family Firm Inc. grew its holdings in shares of iShares U.S. Telecommunications ETF by 11.4% during the first quarter. Family Firm Inc. now owns 16,144 shares of the exchange traded fund’s stock worth $374,000 after purchasing an additional 1,649 shares during the last quarter.

iShares U.S. Telecommunications ETF Stock Performance

Shares of IYZ stock opened at $20.76 on Thursday. The stock’s fifty day moving average is $21.51 and its 200-day moving average is $21.74. The stock has a market capitalization of $344.62 million, a PE ratio of 8.61 and a beta of 0.88. iShares U.S. Telecommunications ETF has a 52 week low of $26.56 and a 52 week high of $34.77.

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).