CX Institutional Has $220,000 Stock Position in iShares U.S. Telecommunications ETF $IYZ

CX Institutional trimmed its stake in iShares U.S. Telecommunications ETF (BATS:IYZ) by 10.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,373 shares of the exchange traded fund’s stock after selling 893 shares during the quarter. CX Institutional’s holdings in iShares U.S. Telecommunications ETF were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares U.S. Telecommunications ETF in the first quarter valued at approximately $44,000. Kingswood Wealth Advisors LLC acquired a new position in iShares U.S. Telecommunications ETF in the 1st quarter valued at $318,000. Jane Street Group LLC bought a new position in iShares U.S. Telecommunications ETF during the 4th quarter worth $276,000. Strengthening Families & Communities LLC increased its position in iShares U.S. Telecommunications ETF by 1,520.5% during the 1st quarter. Strengthening Families & Communities LLC now owns 7,276 shares of the exchange traded fund’s stock worth $199,000 after buying an additional 6,827 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of iShares U.S. Telecommunications ETF during the first quarter worth $583,000.

iShares U.S. Telecommunications ETF Stock Performance

IYZ stock opened at $32.00 on Friday. The company has a market capitalization of $590.38 million, a PE ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a 52 week low of $21.55 and a 52 week high of $30.50. The company’s 50-day simple moving average is $31.02 and its 200 day simple moving average is $28.85.

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).