iShares U.S. Telecommunications ETF $IYZ Stake Increased by Three Seasons Wealth LLC

Three Seasons Wealth LLC lifted its stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 95.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 249,263 shares of the exchange traded fund’s stock after acquiring an additional 121,621 shares during the period. iShares U.S. Telecommunications ETF makes up 1.0% of Three Seasons Wealth LLC’s investment portfolio, making the stock its 8th biggest position. Three Seasons Wealth LLC owned about 1.35% of iShares U.S. Telecommunications ETF worth $10,546,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. WFA of San Diego LLC purchased a new stake in iShares U.S. Telecommunications ETF during the second quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of iShares U.S. Telecommunications ETF in the 2nd quarter worth about $28,000. TD Waterhouse Canada Inc. bought a new position in shares of iShares U.S. Telecommunications ETF during the 2nd quarter valued at about $28,000. Western Wealth Management LLC bought a new position in shares of iShares U.S. Telecommunications ETF during the 1st quarter valued at about $34,000. Finally, Allworth Financial LP raised its holdings in shares of iShares U.S. Telecommunications ETF by 4,732.3% during the 4th quarter. Allworth Financial LP now owns 1,498 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 1,467 shares in the last quarter.

iShares U.S. Telecommunications ETF Price Performance

BATS:IYZ opened at $42.69 on Friday. The company has a market capitalization of $787.63 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. The business has a 50 day moving average of $42.08 and a 200 day moving average of $41.63. iShares U.S. Telecommunications ETF has a 1-year low of $31.06 and a 1-year high of $46.07.

iShares U.S. Telecommunications ETF 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.