iShares U.S. Telecommunications ETF (BATS:IYZ) Shares Sold by Destination Wealth Management

Destination Wealth Management lessened its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 75,221 shares of the exchange traded fund’s stock after selling 2,352 shares during the quarter. Destination Wealth Management’s holdings in iShares U.S. Telecommunications ETF were worth $2,018,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in IYZ. Concurrent Investment Advisors LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF by 4.7% in the third quarter. Concurrent Investment Advisors LLC now owns 48,504 shares of the exchange traded fund’s stock valued at $1,225,000 after buying an additional 2,168 shares during the period. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of iShares U.S. Telecommunications ETF in the third quarter valued at $532,000. OneDigital Investment Advisors LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the third quarter valued at $446,000. Strengthening Families & Communities LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF by 5.4% in the third quarter. Strengthening Families & Communities LLC now owns 283,668 shares of the exchange traded fund’s stock valued at $7,165,000 after buying an additional 14,507 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of iShares U.S. Telecommunications ETF by 1,907.8% in the third quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock valued at $29,571,000 after buying an additional 1,112,371 shares during the period.

iShares U.S. Telecommunications ETF Stock Up 4.1 %

Shares of iShares U.S. Telecommunications ETF stock opened at $27.85 on Friday. The firm has a market cap of $554.12 million, a price-to-earnings ratio of 18.98 and a beta of 0.88. The business has a fifty day simple moving average of $27.64 and a 200-day simple moving average of $26.44. 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).