AE Wealth Management LLC Boosts Position in iShares U.S. Telecommunications ETF $IYZ

AE Wealth Management LLC raised its position in iShares U.S. Telecommunications ETF (BATS:IYZ) by 30.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 168,618 shares of the exchange traded fund’s stock after purchasing an additional 38,998 shares during the period. AE Wealth Management LLC owned about 0.91% of iShares U.S. Telecommunications ETF worth $5,021,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IYZ. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of iShares U.S. Telecommunications ETF in the 2nd quarter worth about $32,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF in the second quarter valued at about $56,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of iShares U.S. Telecommunications ETF by 200.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,800 shares of the exchange traded fund’s stock valued at $143,000 after purchasing an additional 3,200 shares during the last quarter. Narus Financial Partners LLC purchased a new position in shares of iShares U.S. Telecommunications ETF during the 2nd quarter worth approximately $214,000. Finally, Strengthening Families & Communities LLC increased its stake in shares of 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 purchasing an additional 6,827 shares in the last quarter.

iShares U.S. Telecommunications ETF Price Performance

Shares of iShares U.S. Telecommunications ETF stock opened at $31.90 on Monday. iShares U.S. Telecommunications ETF has a 1 year low of $21.55 and a 1 year high of $30.50. The business has a 50 day moving average price of $32.31 and a 200 day moving average price of $30.22. The company has a market capitalization of $588.46 million, a P/E 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).