ST Germain D J Co. Inc. purchased a new stake in iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,184 shares of the exchange traded fund’s stock, valued at approximately $381,000.
A number of other institutional investors have also made changes to their positions in the business. Citigroup Inc. raised its holdings in shares of iShares U.S. Telecommunications ETF by 1,907.8% in the third quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock valued at $29,571,000 after buying an additional 1,112,371 shares during the last quarter. Strengthening Families & Communities LLC raised its holdings in shares of iShares U.S. Telecommunications ETF by 5.4% in the third quarter. Strengthening Families & Communities LLC now owns 283,668 shares of the exchange traded fund’s stock valued at $7,165,000 after buying an additional 14,507 shares during the last quarter. Millennium Management LLC bought a new position in shares of iShares U.S. Telecommunications ETF in the second quarter valued at about $5,430,000. Penserra Capital Management LLC bought a new stake in iShares U.S. Telecommunications ETF during the 3rd quarter worth about $4,513,000. Finally, Pinnacle Family Advisors LLC bought a new stake in iShares U.S. Telecommunications ETF during the 3rd quarter worth about $3,481,000.
iShares U.S. Telecommunications ETF Trading Down 1.4 %
Shares of BATS:IYZ opened at $26.52 on Friday. The stock has a market capitalization of $266.53 million, a P/E ratio of 13.32 and a beta of 0.86. iShares U.S. Telecommunications ETF has a 1-year low of $26.56 and a 1-year high of $34.77. The business has a 50-day moving average price of $27.23 and a two-hundred day moving average price of $24.86.
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).
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