Wells Fargo & Company MN increased its stake in iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) by 16.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 258,412 shares of the exchange traded fund’s stock after buying an additional 37,109 shares during the quarter. Wells Fargo & Company MN owned 2.57% of iShares U.S. Telecommunications ETF worth $6,933,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of IYZ. Global Retirement Partners LLC raised its holdings in iShares U.S. Telecommunications ETF by 301.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,199 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 900 shares during the period. CX Institutional purchased a new position in shares of iShares U.S. Telecommunications ETF during the 4th quarter valued at about $215,000. Mezzasalma Advisors LLC purchased a new position in shares of iShares U.S. Telecommunications ETF during the fourth quarter worth approximately $226,000. City Center Advisors LLC bought a new stake in iShares U.S. Telecommunications ETF in the fourth quarter worth $228,000. Finally, Freestone Capital Holdings LLC purchased a new stake in iShares U.S. Telecommunications ETF during the 4th quarter valued at about $234,000.
iShares U.S. Telecommunications ETF Stock Performance
Shares of iShares U.S. Telecommunications ETF stock opened at $25.73 on Friday. The company’s 50 day moving average price is $27.17 and its 200-day moving average price is $27.00. The stock has a market capitalization of $339.58 million, a price-to-earnings ratio of 13.81 and a beta of 0.88. iShares U.S. Telecommunications ETF has a 52-week low of $20.31 and a 52-week high of $28.80.
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).
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