Sharp Financial Services LLC Makes New $5.20 Million Investment in iShares U.S. Telecommunications ETF (BATS:IYZ)

Sharp Financial Services LLC bought a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 193,820 shares of the exchange traded fund’s stock, valued at approximately $5,200,000. iShares U.S. Telecommunications ETF accounts for about 3.9% of Sharp Financial Services LLC’s investment portfolio, making the stock its 8th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its position in iShares U.S. Telecommunications ETF by 1.7% during the 3rd quarter. Fisher Asset Management LLC now owns 22,082 shares of the exchange traded fund’s stock worth $558,000 after purchasing an additional 365 shares during the period. HighTower Advisors LLC acquired a new position in iShares U.S. Telecommunications ETF during the 3rd quarter worth approximately $2,759,000. Millennium Management LLC acquired a new position in iShares U.S. Telecommunications ETF during the 2nd quarter worth approximately $5,430,000. Williams & Novak LLC increased its position in iShares U.S. Telecommunications ETF by 12.2% during the 3rd quarter. Williams & Novak LLC now owns 17,940 shares of the exchange traded fund’s stock worth $453,000 after purchasing an additional 1,945 shares during the period. Finally, Bank of Montreal Can increased its position in iShares U.S. Telecommunications ETF by 0.5% during the 2nd quarter. Bank of Montreal Can now owns 123,651 shares of the exchange traded fund’s stock worth $2,918,000 after purchasing an additional 626 shares during the period.

iShares U.S. Telecommunications ETF Trading Up 4.4 %

BATS IYZ opened at $27.92 on Thursday. The stock has a market capitalization of $280.55 million, a price-to-earnings ratio of 13.32 and a beta of 0.86. The business’s 50 day moving average is $27.29 and its two-hundred day moving average is $25.23. iShares U.S. Telecommunications ETF has a 12-month low of $26.56 and a 12-month high of $34.77.

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).