Empowered Funds LLC raised its stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) by 19.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,507 shares of the exchange traded fund’s stock after purchasing an additional 12,057 shares during the period. Empowered Funds LLC’s holdings in iShares U.S. Telecommunications ETF were worth $2,930,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of IYZ. Quantinno Capital Management LP acquired a new stake in iShares U.S. Telecommunications ETF in the 1st quarter worth about $324,000. MWA Asset Management purchased a new stake in iShares U.S. Telecommunications ETF during the 1st quarter worth approximately $81,000. Advisortrust Partners LLC purchased a new position in shares of iShares U.S. Telecommunications ETF in the first quarter valued at approximately $12,322,000. Independent Financial Group LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF during the first quarter worth approximately $418,000. Finally, IMC Chicago LLC acquired a new position in iShares U.S. Telecommunications ETF in the 1st quarter valued at $870,000.
iShares U.S. Telecommunications ETF Stock Up 3.5%
iShares U.S. Telecommunications ETF stock opened at $43.35 on Wednesday. The company has a fifty day simple moving average of $41.96 and a 200-day simple moving average of $40.48. The firm has a market capitalization of $799.81 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a 52-week low of $29.61 and a 52-week 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.
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