356,118 Shares in iShares U.S. Telecommunications ETF (BATS:IYZ) Acquired by Norden Group LLC

Norden Group LLC purchased a new position in iShares U.S. Telecommunications ETF (BATS:IYZ) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 356,118 shares of the exchange traded fund’s stock, valued at approximately $9,555,000. iShares U.S. Telecommunications ETF comprises 1.1% of Norden Group LLC’s investment portfolio, making the stock its 11th largest position. Norden Group LLC owned 3.54% of iShares U.S. Telecommunications ETF at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IYZ. Citigroup Inc. raised its stake in iShares U.S. Telecommunications ETF by 1,907.8% during the 3rd quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock valued at $29,571,000 after acquiring an additional 1,112,371 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in iShares U.S. Telecommunications ETF during the 4th quarter valued at $12,947,000. Moloney Securities Asset Management LLC bought a new stake in iShares U.S. Telecommunications ETF during the 4th quarter valued at $8,269,000. Verity & Verity LLC bought a new stake in iShares U.S. Telecommunications ETF during the 4th quarter valued at $5,976,000. Finally, Sharp Financial Services LLC bought a new stake in iShares U.S. Telecommunications ETF during the 4th quarter valued at $5,200,000.

iShares U.S. Telecommunications ETF Price Performance

Shares of iShares U.S. Telecommunications ETF stock opened at $28.43 on Friday. The business’s fifty day moving average price is $27.59 and its two-hundred day moving average price is $26.33. The company has a market capitalization of $565.66 million, a P/E ratio of 18.98 and a beta of 0.88. iShares U.S. Telecommunications ETF has a 1-year low of $26.56 and a 1-year 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).