Lee Johnson Capital Management LLC Purchases New Position in iShares U.S. Telecommunications ETF $IYZ

Lee Johnson Capital Management LLC purchased a new stake in iShares U.S. Telecommunications ETF (BATS:IYZ) in the 1st quarter, HoldingsChannel reports. The fund purchased 41,968 shares of the exchange traded fund’s stock, valued at approximately $1,650,000.

Several other hedge funds also recently added to or reduced their stakes in IYZ. WFA of San Diego LLC acquired a new position in shares of iShares U.S. Telecommunications ETF during the second quarter worth about $25,000. Assetmark Inc. grew its stake in shares of iShares U.S. Telecommunications ETF by 751.9% in the third quarter. Assetmark Inc. now owns 886 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 782 shares in the last quarter. Concord Wealth Partners acquired a new stake in shares of iShares U.S. Telecommunications ETF in the fourth quarter valued at about $34,000. Allworth Financial LP grew its stake in shares of iShares U.S. Telecommunications ETF by 4,732.3% in the fourth quarter. Allworth Financial LP now owns 1,498 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 1,467 shares in the last quarter. Finally, Miller Global Investments LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF during the 4th quarter valued at about $60,000.

iShares U.S. Telecommunications ETF Stock Performance

iShares U.S. Telecommunications ETF stock opened at $41.60 on Monday. The stock’s 50 day moving average price is $42.76 and its 200 day moving average price is $38.78. The firm has a market capitalization of $767.52 million, a PE ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a one year low of $28.13 and a one year high of $46.07.

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.