WealthCare Asset Management LLC Purchases New Position in iShares U.S. Telecommunications ETF $IYZ

WealthCare Asset Management LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 242,130 shares of the exchange traded fund’s stock, valued at approximately $7,871,000. iShares U.S. Telecommunications ETF makes up 5.2% of WealthCare Asset Management LLC’s portfolio, making the stock its 5th biggest position. WealthCare Asset Management LLC owned 1.31% of iShares U.S. Telecommunications ETF at the end of the most recent reporting period.

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

iShares U.S. Telecommunications ETF Trading Down 1.9%

Shares of IYZ stock opened at $42.42 on Wednesday. The stock has a 50 day moving average of $42.72 and a 200 day moving average of $38.58. The stock has a market cap of $782.65 million, a P/E ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a twelve month low of $27.97 and a twelve month high of $46.07.

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). 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.