Independent Advisor Alliance Purchases New Stake in iShares U.S. Telecommunications ETF (BATS:IYZ)

Independent Advisor Alliance purchased a new stake in iShares U.S. Telecommunications ETF (BATS:IYZ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 540,791 shares of the exchange traded fund’s stock, valued at approximately $14,509,000. Independent Advisor Alliance owned 5.38% of iShares U.S. Telecommunications ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Fisher Asset Management LLC raised its stake in shares of iShares U.S. Telecommunications ETF by 1.7% during the third quarter. Fisher Asset Management LLC now owns 22,082 shares of the exchange traded fund’s stock valued at $558,000 after purchasing an additional 365 shares during the period. National Bank of Canada FI raised its stake in shares of iShares U.S. Telecommunications ETF by 0.9% during the third quarter. National Bank of Canada FI now owns 88,603 shares of the exchange traded fund’s stock valued at $2,238,000 after purchasing an additional 789 shares during the period. Global Retirement Partners LLC raised its stake in shares of iShares U.S. Telecommunications ETF by 301.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,199 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 900 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of iShares U.S. Telecommunications ETF during the third quarter valued at approximately $27,000. Finally, Destination Wealth Management raised its stake in shares of iShares U.S. Telecommunications ETF by 1.8% during the third quarter. Destination Wealth Management now owns 77,573 shares of the exchange traded fund’s stock valued at $1,959,000 after purchasing an additional 1,400 shares during the period.

iShares U.S. Telecommunications ETF Stock Up 5.4 %

IYZ opened at $28.19 on Monday. The firm has a market capitalization of $590.48 million, a P/E ratio of 15.05 and a beta of 0.89. The firm’s 50 day moving average is $27.67 and its 200-day moving average is $26.53. iShares U.S. Telecommunications ETF has a 52-week low of $26.56 and a 52-week high of $34.77.

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).