BNP Paribas Financial Markets Reduces Position in iShares U.S. Telecommunications ETF $IYZ

BNP Paribas Financial Markets cut its position in iShares U.S. Telecommunications ETF (BATS:IYZ) by 24.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 645,806 shares of the exchange traded fund’s stock after selling 205,495 shares during the period. BNP Paribas Financial Markets’ holdings in iShares U.S. Telecommunications ETF were worth $21,893,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Citigroup Inc. increased its position in shares of iShares U.S. Telecommunications ETF by 140.2% in the 3rd quarter. Citigroup Inc. now owns 2,085,584 shares of the exchange traded fund’s stock valued at $67,281,000 after purchasing an additional 1,217,487 shares during the last quarter. Bank of America Corp DE increased its position in shares of iShares U.S. Telecommunications ETF by 12.7% in the 3rd quarter. Bank of America Corp DE now owns 1,617,687 shares of the exchange traded fund’s stock valued at $52,187,000 after purchasing an additional 181,929 shares during the last quarter. Pinkerton Wealth LLC increased its position in shares of iShares U.S. Telecommunications ETF by 4.5% in the 4th quarter. Pinkerton Wealth LLC now owns 1,253,654 shares of the exchange traded fund’s stock valued at $42,499,000 after purchasing an additional 54,456 shares during the last quarter. Sherman Porfolios LLC increased its position in shares of iShares U.S. Telecommunications ETF by 2.0% in the 3rd quarter. Sherman Porfolios LLC now owns 817,539 shares of the exchange traded fund’s stock valued at $26,374,000 after purchasing an additional 15,728 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of iShares U.S. Telecommunications ETF by 22.4% in the 3rd quarter. Millennium Management LLC now owns 475,604 shares of the exchange traded fund’s stock valued at $15,343,000 after purchasing an additional 86,933 shares during the last quarter.

iShares U.S. Telecommunications ETF Stock Down 4.0%

IYZ stock opened at $42.58 on Friday. The business has a 50 day moving average price of $42.28 and a 200 day moving average price of $38.01. The stock has a market cap of $785.60 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a fifty-two week low of $27.97 and a fifty-two 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.