Verity & Verity LLC purchased a new stake in iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) in the 4th quarter, HoldingsChannel reports. The firm purchased 222,725 shares of the exchange traded fund’s stock, valued at approximately $5,976,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. boosted its holdings in iShares U.S. Telecommunications ETF by 1,907.8% in the third quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock worth $29,571,000 after purchasing an additional 1,112,371 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the second quarter worth about $5,430,000. Penserra Capital Management LLC bought a new stake in shares of iShares U.S. Telecommunications ETF during the 3rd quarter worth about $4,513,000. Pinnacle Family Advisors LLC acquired a new position in shares of iShares U.S. Telecommunications ETF during the 3rd quarter valued at about $3,481,000. Finally, HighTower Advisors LLC bought a new position in shares of iShares U.S. Telecommunications ETF in the 3rd quarter valued at approximately $2,759,000.
iShares U.S. Telecommunications ETF Stock Up 2.1 %
Shares of iShares U.S. Telecommunications ETF stock opened at $27.31 on Friday. iShares U.S. Telecommunications ETF has a 12-month low of $26.56 and a 12-month high of $34.77. The stock has a 50 day moving average price of $27.28 and a two-hundred day moving average price of $25.08. The stock has a market capitalization of $274.42 million, a P/E 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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Want to see what other hedge funds are holding IYZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report).
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