Penserra Capital Management LLC Purchases Shares of 178,682 iShares U.S. Telecommunications ETF (BATS:IYZ)

Penserra Capital Management LLC acquired a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 178,682 shares of the exchange traded fund’s stock, valued at approximately $4,513,000. Penserra Capital Management LLC owned about 1.78% of iShares U.S. Telecommunications ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James & Associates increased its position in iShares U.S. Telecommunications ETF by 6.8% during the second quarter. Raymond James & Associates now owns 69,720 shares of the exchange traded fund’s stock worth $1,514,000 after buying an additional 4,448 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of iShares U.S. Telecommunications ETF by 15.4% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 15,995 shares of the exchange traded fund’s stock worth $347,000 after acquiring an additional 2,140 shares during the last quarter. Bank of Montreal Can raised its stake in iShares U.S. Telecommunications ETF by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 123,651 shares of the exchange traded fund’s stock valued at $2,918,000 after acquiring an additional 626 shares during the period. Williams & Novak LLC lifted its holdings in iShares U.S. Telecommunications ETF by 12.2% during the 3rd quarter. Williams & Novak LLC now owns 17,940 shares of the exchange traded fund’s stock valued at $453,000 after purchasing an additional 1,945 shares during the last quarter. Finally, Millennium Management LLC bought a new position in iShares U.S. Telecommunications ETF during the second quarter worth $5,430,000.

iShares U.S. Telecommunications ETF Price Performance

Shares of IYZ opened at $27.63 on Monday. The company’s 50-day moving average is $25.90 and its 200-day moving average is $23.46. The firm has a market capitalization of $277.68 million, a PE ratio of 13.32 and a beta of 0.86. iShares U.S. Telecommunications ETF has a fifty-two week low of $26.56 and a fifty-two week 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).