Norden Group LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 356,118 shares of the exchange traded fund’s stock, valued at approximately $9,555,000. iShares U.S. Telecommunications ETF accounts for about 1.1% of Norden Group LLC’s investment portfolio, making the stock its 11th biggest position.
Several other hedge funds also recently modified their holdings of IYZ. Brown Brothers Harriman & Co. acquired a new position in shares of iShares U.S. Telecommunications ETF in the 3rd quarter worth $27,000. Global Retirement Partners LLC grew its holdings in shares of iShares U.S. Telecommunications ETF by 301.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,199 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 900 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of iShares U.S. Telecommunications ETF in the 3rd quarter worth $37,000. CX Institutional acquired a new position in shares of iShares U.S. Telecommunications ETF in the 4th quarter worth $215,000. Finally, Mezzasalma Advisors LLC acquired a new position in shares of iShares U.S. Telecommunications ETF in the 4th quarter worth $226,000.
iShares U.S. Telecommunications ETF Stock Up 6.3 %
Shares of BATS IYZ opened at $28.43 on Friday. The stock has a market capitalization of $565.66 million, a price-to-earnings ratio of 18.98 and a beta of 0.88. The stock’s fifty day simple moving average is $27.59 and its 200 day simple moving average is $26.33. 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).
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