IMC Chicago LLC bought a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 22,137 shares of the exchange traded fund’s stock, valued at approximately $870,000. IMC Chicago LLC owned 0.12% of iShares U.S. Telecommunications ETF at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in IYZ. Advanced Asset Management Advisors Inc raised its stake in shares of iShares U.S. Telecommunications ETF by 4.5% during the 4th quarter. Advanced Asset Management Advisors Inc now owns 6,605 shares of the exchange traded fund’s stock valued at $224,000 after buying an additional 285 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 46,603 shares of the exchange traded fund’s stock valued at $1,580,000 after buying an additional 415 shares during the period. HighTower Advisors LLC boosted its stake in shares of iShares U.S. Telecommunications ETF by 1.1% in the fourth quarter. HighTower Advisors LLC now owns 39,612 shares of the exchange traded fund’s stock worth $1,343,000 after buying an additional 428 shares during the last quarter. AlphaCore Capital LLC boosted its stake in shares of iShares U.S. Telecommunications ETF by 8.4% in the fourth quarter. AlphaCore Capital LLC now owns 6,457 shares of the exchange traded fund’s stock worth $219,000 after buying an additional 500 shares during the last quarter. Finally, CWM LLC grew its holdings in iShares U.S. Telecommunications ETF by 28.2% during the fourth quarter. CWM LLC now owns 2,658 shares of the exchange traded fund’s stock worth $90,000 after acquiring an additional 584 shares during the period.
iShares U.S. Telecommunications ETF Stock Down 2.4%
iShares U.S. Telecommunications ETF stock opened at $40.55 on Thursday. The business’s 50-day moving average price is $42.58 and its 200 day moving average price is $39.81. The firm has a market cap of $748.15 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 $29.15 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.
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