Nwam LLC acquired a new position in iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) during the second quarter, HoldingsChannel.com reports. The fund acquired 27,135 shares of the exchange traded fund’s stock, valued at approximately $1,148,000.
Other institutional investors have also bought and sold shares of the company. Renasant Bank bought a new position in shares of iShares U.S. Telecommunications ETF in the 2nd quarter worth about $106,000. JNBA Financial Advisors bought a new stake in shares of iShares U.S. Telecommunications ETF during the 2nd quarter valued at about $1,412,000. BTG Pactual Asset Management US LLC bought a new stake in shares of iShares U.S. Telecommunications ETF during the 2nd quarter valued at about $96,000. Headlands Technologies LLC acquired a new stake in iShares U.S. Telecommunications ETF during the second quarter worth approximately $1,276,000. Finally, Compass Financial Management LLC acquired a new stake in iShares U.S. Telecommunications ETF during the second quarter worth approximately $1,213,000.
iShares U.S. Telecommunications ETF Stock Performance
Shares of IYZ stock opened at $42.70 on Thursday. iShares U.S. Telecommunications ETF has a fifty-two week low of $31.06 and a fifty-two week high of $46.07. The stock has a 50 day simple moving average of $42.03 and a two-hundred day simple moving average of $41.59. The company has a market cap of $787.82 million, a P/E ratio of 14.09 and a beta of 0.90.
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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