Lifestyle Asset Management Inc. Purchases 28,053 Shares of iShares U.S. Telecommunications ETF $IYZ

Lifestyle Asset Management Inc. raised its position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 37.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 103,417 shares of the exchange traded fund’s stock after acquiring an additional 28,053 shares during the quarter. iShares U.S. Telecommunications ETF comprises 1.1% of Lifestyle Asset Management Inc.’s holdings, making the stock its 18th biggest holding. Lifestyle Asset Management Inc.’s holdings in iShares U.S. Telecommunications ETF were worth $3,506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IYZ. WFA of San Diego LLC bought a new position in iShares U.S. Telecommunications ETF during the second quarter valued at $25,000. Assetmark Inc. boosted its holdings in shares of iShares U.S. Telecommunications ETF by 751.9% in the third quarter. Assetmark Inc. now owns 886 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 782 shares during the period. Concord Wealth Partners bought a new position in shares of iShares U.S. Telecommunications ETF in the fourth quarter worth $34,000. Allworth Financial LP boosted its holdings in shares of iShares U.S. Telecommunications ETF by 4,732.3% in the fourth quarter. Allworth Financial LP now owns 1,498 shares of the exchange traded fund’s stock worth $51,000 after acquiring an additional 1,467 shares during the period. Finally, Miller Global Investments LLC bought a new position in shares of iShares U.S. Telecommunications ETF in the fourth quarter worth $60,000.

iShares U.S. Telecommunications ETF Price Performance

iShares U.S. Telecommunications ETF stock opened at $44.34 on Friday. iShares U.S. Telecommunications ETF has a one year low of $27.97 and a one year high of $46.07. The business has a fifty day moving average price of $42.25 and a 200-day moving average price of $37.97. The firm has a market capitalization of $818.07 million, a P/E 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.