WESPAC Advisors LLC bought a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,970 shares of the exchange traded fund’s stock, valued at approximately $699,000.
Other institutional investors have also added to or reduced their stakes in the company. Mondrian Investment Partners LTD acquired a new stake in shares of iShares U.S. Telecommunications ETF during the 3rd quarter worth approximately $26,000. NBT Bank N.A. bought a new stake in shares of iShares U.S. Telecommunications ETF during the third quarter valued at approximately $1,559,000. Wagner Wealth Management Corp increased its position in shares of iShares U.S. Telecommunications ETF by 4.9% during the third quarter. Wagner Wealth Management Corp now owns 49,847 shares of the exchange traded fund’s stock valued at $2,053,000 after purchasing an additional 2,350 shares during the period. Retirement Planning Group LLC acquired a new position in shares of iShares U.S. Telecommunications ETF in the third quarter valued at $1,007,000. Finally, Iams Wealth Management LLC acquired a new position in shares of iShares U.S. Telecommunications ETF in the third quarter valued at $795,000.
iShares U.S. Telecommunications ETF Price Performance
Shares of IYZ stock opened at $38.79 on Tuesday. iShares U.S. Telecommunications ETF has a one year low of $31.06 and a one year high of $46.07. The stock has a fifty day moving average price of $41.93 and a 200 day moving average price of $40.78. The stock has a market cap of $715.68 million, a P/E ratio of 14.09 and a beta of 0.90.
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.
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