Moloney Securities Asset Management LLC Acquires New Holdings in iShares U.S. Telecommunications ETF (BATS:IYZ)

Moloney Securities Asset Management LLC bought a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) in the fourth quarter, HoldingsChannel reports. The firm bought 308,218 shares of the exchange traded fund’s stock, valued at approximately $8,269,000. iShares U.S. Telecommunications ETF accounts for approximately 1.1% of Moloney Securities Asset Management LLC’s investment portfolio, making the stock its 14th biggest position.

Several other hedge funds have also recently bought and sold shares of the stock. Apollon Wealth Management LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the fourth quarter worth $12,947,000. Mezzasalma Advisors LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the 4th quarter valued at about $226,000. Stratos Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the 4th quarter valued at about $254,000. Clear Creek Financial Management LLC bought a new stake in shares of iShares U.S. Telecommunications ETF in the fourth quarter valued at about $1,597,000. Finally, Iams Wealth Management LLC acquired a new position in shares of iShares U.S. Telecommunications ETF during the fourth quarter worth about $235,000.

iShares U.S. Telecommunications ETF Stock Performance

Shares of iShares U.S. Telecommunications ETF stock opened at $27.96 on Friday. The firm has a market cap of $280.95 million, a PE ratio of 13.32 and a beta of 0.86. The business’s 50 day simple moving average is $27.39 and its 200 day simple moving average is $25.70. iShares U.S. Telecommunications ETF has a 52-week low of $26.56 and a 52-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).