iShares U.S. Telecommunications ETF $IYZ Shares Bought by Citigroup Inc.

Citigroup Inc. grew its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 140.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,085,584 shares of the exchange traded fund’s stock after purchasing an additional 1,217,487 shares during the period. Citigroup Inc. owned about 11.30% of iShares U.S. Telecommunications ETF worth $67,281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinkerton Wealth LLC purchased a new stake in iShares U.S. Telecommunications ETF during the 2nd quarter worth approximately $34,366,000. Camarda Financial Advisors LLC acquired a new position in shares of iShares U.S. Telecommunications ETF in the second quarter worth $13,789,000. Moloney Securities Asset Management LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF during the third quarter worth $9,288,000. Three Seasons Wealth LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the third quarter valued at $8,732,000. Finally, Strengthening Families & Communities LLC boosted its holdings in iShares U.S. Telecommunications ETF by 20,780.2% in the third quarter. Strengthening Families & Communities LLC now owns 260,585 shares of the exchange traded fund’s stock valued at $8,356,000 after purchasing an additional 259,337 shares during the period.

iShares U.S. Telecommunications ETF Price Performance

IYZ opened at $39.04 on Tuesday. The business has a fifty day moving average price of $35.30 and a 200 day moving average price of $33.25. iShares U.S. Telecommunications ETF has a 12 month low of $23.95 and a 12 month high of $39.12. The stock has a market capitalization of $720.29 million, a price-to-earnings 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). The Index measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications.