Alpha Cubed Investments LLC bought a new position in iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 18,574 shares of the exchange traded fund’s stock, valued at approximately $498,000. Alpha Cubed Investments LLC owned approximately 0.18% of iShares U.S. Telecommunications ETF as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new position in shares of iShares U.S. Telecommunications ETF in the third quarter valued at $27,000. FSA Wealth Management LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the 3rd quarter worth about $37,000. City Center Advisors LLC bought a new position in iShares U.S. Telecommunications ETF in the 4th quarter valued at about $228,000. CHICAGO TRUST Co NA acquired a new position in iShares U.S. Telecommunications ETF during the 3rd quarter valued at about $219,000. Finally, ST Germain D J Co. Inc. acquired a new position in iShares U.S. Telecommunications ETF during the 4th quarter valued at about $381,000.
iShares U.S. Telecommunications ETF Stock Up 3.5 %
Shares of iShares U.S. Telecommunications ETF stock opened at $27.68 on Wednesday. iShares U.S. Telecommunications ETF has a 52 week low of $26.56 and a 52 week high of $34.77. The business has a 50 day moving average price of $27.28 and a 200-day moving average price of $25.21. The company has a market cap of $278.17 million, a PE ratio of 13.32 and a beta of 0.86.
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).
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