Alpha Cubed Investments LLC Purchases New Shares in iShares U.S. Telecommunications ETF (BATS:IYZ)

Alpha Cubed Investments LLC acquired a new position in iShares U.S. Telecommunications ETF (BATS:IYZ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,574 shares of the exchange traded fund’s stock, valued at approximately $498,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IYZ. Brown Brothers Harriman & Co. purchased a new position in shares of iShares U.S. Telecommunications ETF in the 3rd quarter worth approximately $27,000. FSA Wealth Management LLC bought a new stake in iShares U.S. Telecommunications ETF during the third quarter worth $37,000. CHICAGO TRUST Co NA purchased a new position in iShares U.S. Telecommunications ETF in the third quarter worth $219,000. City Center Advisors LLC bought a new position in iShares U.S. Telecommunications ETF in the 4th quarter valued at $228,000. Finally, Blair William & Co. IL grew its stake in iShares U.S. Telecommunications ETF by 35.0% in the 2nd quarter. Blair William & Co. IL now owns 16,207 shares of the exchange traded fund’s stock valued at $352,000 after purchasing an additional 4,200 shares during the period.

iShares U.S. Telecommunications ETF Stock Performance

Shares of BATS:IYZ opened at $27.68 on Wednesday. The company has a market capitalization of $278.17 million, a P/E ratio of 13.32 and a beta of 0.86. The company’s 50-day moving average is $27.28 and its 200 day moving average is $25.21. 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).