Apollon Wealth Management LLC Takes $550,000 Position in iShares U.S. Telecommunications ETF $IYZ

Apollon Wealth Management LLC purchased a new stake in iShares U.S. Telecommunications ETF (BATS:IYZ) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,226 shares of the exchange traded fund’s stock, valued at approximately $550,000. Apollon Wealth Management LLC owned about 0.09% of iShares U.S. Telecommunications ETF as of its most recent SEC filing.

Several other large investors have also modified their holdings of IYZ. Citigroup Inc. lifted its stake in iShares U.S. Telecommunications ETF by 140.2% during the 3rd quarter. Citigroup Inc. now owns 2,085,584 shares of the exchange traded fund’s stock worth $67,281,000 after acquiring an additional 1,217,487 shares in the last quarter. Bank of America Corp DE lifted its stake in iShares U.S. Telecommunications ETF by 12.7% during the 3rd quarter. Bank of America Corp DE now owns 1,617,687 shares of the exchange traded fund’s stock worth $52,187,000 after acquiring an additional 181,929 shares in the last quarter. Pinkerton Wealth LLC lifted its stake in iShares U.S. Telecommunications ETF by 3.9% during the 3rd quarter. Pinkerton Wealth LLC now owns 1,199,198 shares of the exchange traded fund’s stock worth $38,686,000 after acquiring an additional 45,196 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in iShares U.S. Telecommunications ETF by 50.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 851,301 shares of the exchange traded fund’s stock worth $27,463,000 after acquiring an additional 283,692 shares in the last quarter. Finally, Sherman Porfolios LLC lifted its stake in iShares U.S. Telecommunications ETF by 2.0% during the 3rd quarter. Sherman Porfolios LLC now owns 817,539 shares of the exchange traded fund’s stock worth $26,374,000 after acquiring an additional 15,728 shares in the last quarter.

iShares U.S. Telecommunications ETF Trading Up 4.4%

IYZ opened at $42.83 on Friday. The stock’s 50-day moving average price is $39.65 and its 200 day moving average price is $35.48. iShares U.S. Telecommunications ETF has a 12-month low of $24.85 and a 12-month high of $42.83. The firm has a market cap of $790.21 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.