Royal Bank of Canada Reduces Position in iShares U.S. Telecommunications ETF $IYZ

Royal Bank of Canada cut its stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 12.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262,771 shares of the exchange traded fund’s stock after selling 38,147 shares during the quarter. Royal Bank of Canada owned about 1.42% of iShares U.S. Telecommunications ETF worth $10,331,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in iShares U.S. Telecommunications ETF by 393.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 268,212 shares of the exchange traded fund’s stock worth $7,346,000 after acquiring an additional 213,827 shares during the period. Jane Street Group LLC increased its holdings in shares of iShares U.S. Telecommunications ETF by 126.6% in the first quarter. Jane Street Group LLC now owns 23,312 shares of the exchange traded fund’s stock valued at $639,000 after purchasing an additional 13,023 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of iShares U.S. Telecommunications ETF by 14.4% in the second quarter. Qube Research & Technologies Ltd now owns 184,398 shares of the exchange traded fund’s stock worth $5,491,000 after purchasing an additional 23,215 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of iShares U.S. Telecommunications ETF by 15.4% in the second quarter. Raymond James Financial Inc. now owns 428,782 shares of the exchange traded fund’s stock worth $12,769,000 after purchasing an additional 57,284 shares during the last quarter. Finally, Camarda Financial Advisors LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the second quarter worth about $13,789,000.

iShares U.S. Telecommunications ETF Stock Up 0.5%

Shares of BATS IYZ opened at $43.60 on Friday. The business’s 50 day moving average price is $41.88 and its 200 day moving average price is $40.63. The firm has a market cap of $804.42 million, a P/E ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a 52 week low of $30.17 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.