308,218 Shares in iShares U.S. Telecommunications ETF (BATS:IYZ) Acquired by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC acquired 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 disclosure with the Securities and Exchange Commission. The institutional investor acquired 308,218 shares of the exchange traded fund’s stock, valued at approximately $8,269,000. iShares U.S. Telecommunications ETF makes up 1.1% of Moloney Securities Asset Management LLC’s holdings, making the stock its 14th biggest holding. Moloney Securities Asset Management LLC owned approximately 3.07% of iShares U.S. Telecommunications ETF as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of IYZ. Apollon Wealth Management LLC bought a new position in shares of iShares U.S. Telecommunications ETF in the 4th quarter valued at about $12,947,000. Mezzasalma Advisors LLC acquired a new position in iShares U.S. Telecommunications ETF in the fourth quarter valued at approximately $226,000. Stratos Wealth Advisors LLC bought a new position in iShares U.S. Telecommunications ETF in the fourth quarter valued at approximately $254,000. Clear Creek Financial Management LLC bought a new position in iShares U.S. Telecommunications ETF in the fourth quarter valued at approximately $1,597,000. Finally, Iams Wealth Management LLC acquired a new stake in iShares U.S. Telecommunications ETF during the 4th quarter worth $235,000.

iShares U.S. Telecommunications ETF Stock Performance

Shares of iShares U.S. Telecommunications ETF stock opened at $27.96 on Friday. iShares U.S. Telecommunications ETF has a 52 week low of $26.56 and a 52 week high of $34.77. The stock has a market capitalization of $280.95 million, a price-to-earnings ratio of 13.32 and a beta of 0.86. The firm has a fifty day moving average of $27.39 and a two-hundred day moving average of $25.70.

iShares U.S. Telecommunications ETF Company 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).