Iams Wealth Management LLC Buys 19,315 Shares of iShares U.S. Telecommunications ETF $IYZ

Iams Wealth Management LLC bought a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,315 shares of the exchange traded fund’s stock, valued at approximately $795,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of iShares U.S. Telecommunications ETF by 25.5% during the first quarter. Bank of America Corp DE now owns 1,786,452 shares of the exchange traded fund’s stock valued at $70,243,000 after purchasing an additional 363,423 shares during the period. Advisortrust Partners LLC acquired a new stake in iShares U.S. Telecommunications ETF in the first quarter worth about $12,322,000. Monument Capital Management acquired a new stake in iShares U.S. Telecommunications ETF in the third quarter worth about $5,510,000. Three Seasons Wealth LLC grew its position in iShares U.S. Telecommunications ETF by 95.3% in the 2nd quarter. Three Seasons Wealth LLC now owns 249,263 shares of the exchange traded fund’s stock valued at $10,546,000 after buying an additional 121,621 shares in the last quarter. Finally, CoreCap Advisors LLC grew its position in iShares U.S. Telecommunications ETF by 179.1% in the 2nd quarter. CoreCap Advisors LLC now owns 145,979 shares of the exchange traded fund’s stock valued at $6,176,000 after buying an additional 93,680 shares in the last quarter.

iShares U.S. Telecommunications ETF Trading Down 1.4%

iShares U.S. Telecommunications ETF stock opened at $39.99 on Friday. The stock has a market cap of $737.82 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. The company’s 50-day moving average price is $42.59 and its two-hundred day moving average price is $42.20. iShares U.S. Telecommunications ETF has a 52 week low of $31.06 and a 52 week high of $46.07.

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). 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.