JPMorgan Chase & Co. Buys 11,831 Shares of iShares U.S. Telecommunications ETF (BATS:IYZ)

JPMorgan Chase & Co. boosted its stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 16.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,861 shares of the exchange traded fund’s stock after purchasing an additional 11,831 shares during the quarter. JPMorgan Chase & Co. owned about 0.85% of iShares U.S. Telecommunications ETF worth $2,304,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IYZ. Raymond James Financial Inc. acquired a new stake in iShares U.S. Telecommunications ETF in the 4th quarter valued at approximately $16,984,000. Independent Advisor Alliance bought a new position in iShares U.S. Telecommunications ETF during the fourth quarter worth $14,509,000. Apollon Wealth Management LLC acquired a new position in iShares U.S. Telecommunications ETF during the 4th quarter valued at $12,947,000. LPL Financial LLC boosted its holdings in iShares U.S. Telecommunications ETF by 675.8% in the 4th quarter. LPL Financial LLC now owns 441,129 shares of the exchange traded fund’s stock valued at $11,836,000 after purchasing an additional 384,267 shares during the period. Finally, Norden Group LLC bought a new stake in iShares U.S. Telecommunications ETF in the 4th quarter valued at $9,555,000.

iShares U.S. Telecommunications ETF Stock Performance

BATS:IYZ opened at $25.75 on Thursday. The firm’s 50-day moving average is $27.00 and its 200-day moving average is $27.03. The company has a market cap of $339.95 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.

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).