Raymond James & Associates Buys 60,790 Shares of iShares U.S. Telecommunications ETF (BATS:IYZ)
Raymond James & Associates increased its stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) by 91.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 126,932 shares of the exchange traded fund’s stock after buying an additional 60,790 shares during the period. Raymond James & Associates’ holdings in iShares U.S. Telecommunications ETF were worth $2,889,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Comerica Bank acquired a new position in shares of iShares U.S. Telecommunications ETF in the 3rd quarter valued at approximately $47,000. Sunbelt Securities Inc. bought a new stake in iShares U.S. Telecommunications ETF during the 1st quarter worth approximately $71,000. FMR LLC boosted its stake in shares of iShares U.S. Telecommunications ETF by 23.5% in the 1st quarter. FMR LLC now owns 3,355 shares of the exchange traded fund’s stock valued at $78,000 after purchasing an additional 638 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of iShares U.S. Telecommunications ETF by 287.5% in the 2nd quarter. Captrust Financial Advisors now owns 3,158 shares of the exchange traded fund’s stock valued at $79,000 after purchasing an additional 2,343 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares U.S. Telecommunications ETF by 68.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,119 shares of the exchange traded fund’s stock valued at $92,000 after purchasing an additional 1,679 shares during the last quarter.
iShares U.S. Telecommunications ETF Stock Performance
BATS:IYZ opened at $20.75 on Monday. iShares U.S. Telecommunications ETF has a 52 week low of $26.56 and a 52 week high of $34.77. The firm’s fifty day moving average is $21.90 and its 200-day moving average is $21.90. The firm has a market cap of $225.14 million, a P/E ratio of 13.37 and a beta of 0.95.
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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