Envestnet Asset Management Inc. Acquires 49,758 Shares of iShares U.S. Telecommunications ETF $IYZ

Envestnet Asset Management Inc. lifted its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 207.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,764 shares of the exchange traded fund’s stock after purchasing an additional 49,758 shares during the period. Envestnet Asset Management Inc. owned 0.40% of iShares U.S. Telecommunications ETF worth $2,380,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Pinkerton Wealth LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the 2nd quarter worth approximately $34,366,000. BNP Paribas Financial Markets boosted its stake in iShares U.S. Telecommunications ETF by 77.9% during the second quarter. BNP Paribas Financial Markets now owns 567,609 shares of the exchange traded fund’s stock worth $16,903,000 after acquiring an additional 248,495 shares in the last quarter. Camarda Financial Advisors LLC acquired a new stake in iShares U.S. Telecommunications ETF in the second quarter worth $13,789,000. Raymond James Financial Inc. increased its stake in iShares U.S. Telecommunications ETF by 15.4% in the second quarter. Raymond James Financial Inc. now owns 428,782 shares of the exchange traded fund’s stock valued at $12,769,000 after purchasing an additional 57,284 shares in the last quarter. Finally, Three Seasons Wealth LLC bought a new stake in iShares U.S. Telecommunications ETF in the third quarter valued at $8,732,000.

iShares U.S. Telecommunications ETF Price Performance

Shares of IYZ opened at $38.96 on Friday. iShares U.S. Telecommunications ETF has a one year low of $23.95 and a one year high of $39.77. The company has a market cap of $718.81 million, a PE ratio of 14.09 and a beta of 0.90. The stock has a 50-day moving average of $35.69 and a 200-day moving average of $33.39.

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). 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.