Lifestyle Asset Management Inc. Purchases 41,821 Shares of iShares U.S. Telecommunications ETF $IYZ

Lifestyle Asset Management Inc. increased its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 124.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 75,364 shares of the exchange traded fund’s stock after purchasing an additional 41,821 shares during the period. iShares U.S. Telecommunications ETF accounts for approximately 0.8% of Lifestyle Asset Management Inc.’s holdings, making the stock its 27th largest position. Lifestyle Asset Management Inc. owned about 0.41% of iShares U.S. Telecommunications ETF worth $2,431,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of IYZ. WFA of San Diego LLC bought a new position in shares of iShares U.S. Telecommunications ETF during the 2nd quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of iShares U.S. Telecommunications ETF during the second quarter worth approximately $32,000. Family Legacy Financial Solutions LLC acquired a new stake in iShares U.S. Telecommunications ETF in the 2nd quarter worth about $56,000. Steward Partners Investment Advisory LLC boosted its holdings in iShares U.S. Telecommunications ETF by 202.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,229 shares of the exchange traded fund’s stock valued at $126,000 after purchasing an additional 2,830 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in iShares U.S. Telecommunications ETF by 200.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,800 shares of the exchange traded fund’s stock valued at $143,000 after purchasing an additional 3,200 shares during the period.

iShares U.S. Telecommunications ETF Trading Up 25.9%

Shares of IYZ opened at $33.68 on Friday. iShares U.S. Telecommunications ETF has a 12 month low of $21.55 and a 12 month high of $30.50. The firm’s 50 day moving average is $32.62 and its 200-day moving average is $31.21. The stock has a market capitalization of $621.30 million, a PE ratio of 14.09 and a beta of 0.90.

iShares U.S. Telecommunications ETF Company Profile

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). The Index measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications.