First Citizens Financial Corp Sells 2,456 Shares of iShares U.S. Telecommunications ETF (BATS:IYZ)

First Citizens Financial Corp reduced its position in iShares U.S. Telecommunications ETF (BATS:IYZ) by 17.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,789 shares of the exchange traded fund’s stock after selling 2,456 shares during the period. First Citizens Financial Corp’s holdings in iShares U.S. Telecommunications ETF were worth $316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC increased its position in iShares U.S. Telecommunications ETF by 1.7% in the third quarter. Fisher Asset Management LLC now owns 22,082 shares of the exchange traded fund’s stock worth $558,000 after purchasing an additional 365 shares during the period. Raymond James & Associates grew its position in shares of iShares U.S. Telecommunications ETF by 6.8% during the 2nd 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 period. HighTower Advisors LLC acquired a new position in iShares U.S. Telecommunications ETF in the third quarter valued at approximately $2,759,000. Millennium Management LLC bought a new position in iShares U.S. Telecommunications ETF in the second quarter valued at approximately $5,430,000. Finally, Williams & Novak LLC grew 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 worth $453,000 after acquiring an additional 1,945 shares during the period.

iShares U.S. Telecommunications ETF Price Performance

Shares of iShares U.S. Telecommunications ETF stock traded up $0.13 on Friday, hitting $26.96. 2,287,423 shares of the company’s stock traded hands. iShares U.S. Telecommunications ETF has a one year low of $26.56 and a one year high of $34.77. The stock has a market capitalization of $270.95 million, a PE ratio of 13.32 and a beta of 0.86. The firm’s 50-day moving average price is $27.10 and its two-hundred day moving average price is $24.65.

iShares U.S. Telecommunications ETF Company Profile

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).