Summit Financial Consulting LLC Purchases 14,691 Shares of iShares U.S. Telecommunications ETF $IYZ

Summit Financial Consulting LLC grew its position in iShares U.S. Telecommunications ETF (BATS:IYZ) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,359 shares of the exchange traded fund’s stock after purchasing an additional 14,691 shares during the period. iShares U.S. Telecommunications ETF comprises about 6.0% of Summit Financial Consulting LLC’s portfolio, making the stock its 6th largest position. Summit Financial Consulting LLC owned about 1.07% of iShares U.S. Telecommunications ETF worth $8,127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in 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 worth $70,243,000 after purchasing an additional 363,423 shares during the last quarter. MinichMacGregor Wealth Management LLC increased its stake in iShares U.S. Telecommunications ETF by 1.4% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 503,804 shares of the exchange traded fund’s stock valued at $20,747,000 after buying an additional 7,138 shares during the last quarter. Advisortrust Partners LLC purchased a new stake in iShares U.S. Telecommunications ETF in the 1st quarter valued at about $12,322,000. Three Seasons Wealth LLC lifted its position in shares of iShares U.S. Telecommunications ETF by 95.3% during the 2nd quarter. Three Seasons Wealth LLC now owns 249,263 shares of the exchange traded fund’s stock worth $10,546,000 after buying an additional 121,621 shares in the last quarter. Finally, WealthCare Asset Management LLC lifted its position in shares of iShares U.S. Telecommunications ETF by 1.1% during the 1st quarter. WealthCare Asset Management LLC now owns 244,862 shares of the exchange traded fund’s stock worth $9,628,000 after buying an additional 2,732 shares in the last quarter.

iShares U.S. Telecommunications ETF Stock Down 1.4%

Shares of BATS IYZ opened at $39.99 on Friday. iShares U.S. Telecommunications ETF has a twelve month low of $31.06 and a twelve month high of $46.07. The stock’s 50 day moving average price is $42.59 and its 200-day moving average price is $42.20. The company has a market capitalization of $737.82 million, a PE ratio of 14.09 and a beta of 0.90.

About iShares U.S. Telecommunications ETF

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.