Retirement Planning Group LLC Lowers Position in iShares U.S. Telecommunications ETF $IYZ

Retirement Planning Group LLC cut its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 52.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,242 shares of the exchange traded fund’s stock after selling 20,429 shares during the quarter. Retirement Planning Group LLC owned about 0.10% of iShares U.S. Telecommunications ETF worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Croban lifted its stake in iShares U.S. Telecommunications ETF by 0.6% during the 2nd quarter. Croban now owns 75,634 shares of the exchange traded fund’s stock worth $2,252,000 after acquiring an additional 454 shares in the last quarter. Trust Co. of Vermont acquired a new position in iShares U.S. Telecommunications ETF during the 1st quarter worth about $36,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in iShares U.S. Telecommunications ETF during the 1st quarter worth about $44,000. Family Legacy Financial Solutions LLC acquired a new position in iShares U.S. Telecommunications ETF during the 2nd quarter worth about $56,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in iShares U.S. Telecommunications ETF by 15.1% during the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 22,607 shares of the exchange traded fund’s stock worth $621,000 after acquiring an additional 2,961 shares in the last quarter.

iShares U.S. Telecommunications ETF Trading Up 20.4%

IYZ opened at $32.21 on Thursday. The stock’s 50-day moving average price is $31.93 and its 200 day moving average price is $29.55. iShares U.S. Telecommunications ETF has a 12-month low of $21.55 and a 12-month high of $30.50. The firm has a market cap of $594.22 million, a price-to-earnings ratio of 14.09 and a beta of 0.90.

iShares U.S. Telecommunications ETF 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).