StoneX Group Inc. bought a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 24,546 shares of the exchange traded fund’s stock, valued at approximately $659,000.
A number of other hedge funds and other institutional investors have also modified their holdings of IYZ. Global Retirement Partners LLC raised its stake in iShares U.S. Telecommunications ETF by 301.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,199 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 900 shares during the period. CX Institutional acquired a new position in iShares U.S. Telecommunications ETF during the fourth quarter valued at $215,000. Mezzasalma Advisors LLC acquired a new stake in iShares U.S. Telecommunications ETF during the 4th quarter worth about $226,000. City Center Advisors LLC purchased a new position in iShares U.S. Telecommunications ETF during the 4th quarter valued at about $228,000. Finally, Freestone Capital Holdings LLC purchased a new position in iShares U.S. Telecommunications ETF during the 4th quarter valued at about $234,000.
iShares U.S. Telecommunications ETF Price Performance
BATS IYZ opened at $27.65 on Thursday. The company has a 50 day simple moving average of $27.77 and a 200-day simple moving average of $26.98. iShares U.S. Telecommunications ETF has a 52-week low of $20.31 and a 52-week high of $28.80. The firm has a market capitalization of $436.79 million, a price-to-earnings ratio of 14.77 and a beta of 0.89.
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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