Ferguson Wellman Capital Management Inc. Buys New Position in iShares U.S. Telecommunications ETF (BATS:IYZ)

Ferguson Wellman Capital Management Inc. bought a new stake in iShares U.S. Telecommunications ETF (BATS:IYZ) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,051 shares of the exchange traded fund’s stock, valued at approximately $532,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Concurrent Investment Advisors LLC grew its position in iShares U.S. Telecommunications ETF by 4.7% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 48,504 shares of the exchange traded fund’s stock valued at $1,225,000 after buying an additional 2,168 shares in the last quarter. Vanguard Capital Wealth Advisors acquired a new stake in iShares U.S. Telecommunications ETF in the 3rd quarter valued at about $778,000. Leuthold Group LLC acquired a new stake in iShares U.S. Telecommunications ETF in the 3rd quarter valued at about $632,000. CHICAGO TRUST Co NA acquired a new stake in iShares U.S. Telecommunications ETF in the 3rd quarter valued at about $219,000. Finally, Retirement Planning Group LLC lifted its holdings in iShares U.S. Telecommunications ETF by 8.7% in the 3rd quarter. Retirement Planning Group LLC now owns 20,297 shares of the exchange traded fund’s stock valued at $513,000 after acquiring an additional 1,618 shares during the last quarter.

iShares U.S. Telecommunications ETF Trading Down 0.9 %

Shares of BATS IYZ opened at $27.18 on Friday. iShares U.S. Telecommunications ETF has a twelve month low of $26.56 and a twelve month high of $34.77. The company has a market capitalization of $273.16 million, a price-to-earnings ratio of 13.32 and a beta of 0.86. The firm has a 50-day moving average of $25.49 and a two-hundred day moving average of $23.17.

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).