SHP Wealth Management Makes New $688,000 Investment in iShares U.S. Telecommunications ETF $IYZ

SHP Wealth Management acquired a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,299 shares of the exchange traded fund’s stock, valued at approximately $688,000.

Several other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. increased its holdings in shares of iShares U.S. Telecommunications ETF by 140.2% during the 3rd quarter. Citigroup Inc. now owns 2,085,584 shares of the exchange traded fund’s stock valued at $67,281,000 after purchasing an additional 1,217,487 shares in the last quarter. Camarda Financial Advisors LLC purchased a new stake in iShares U.S. Telecommunications ETF during the second quarter worth $13,789,000. BNP Paribas Financial Markets boosted its holdings in iShares U.S. Telecommunications ETF by 50.0% during the third quarter. BNP Paribas Financial Markets now owns 851,301 shares of the exchange traded fund’s stock worth $27,463,000 after buying an additional 283,692 shares in the last quarter. WealthCare Asset Management LLC acquired a new stake in iShares U.S. Telecommunications ETF during the fourth quarter valued at $7,871,000. Finally, Goldman Sachs Group Inc. grew its position in iShares U.S. Telecommunications ETF by 393.2% during the first quarter. Goldman Sachs Group Inc. now owns 268,212 shares of the exchange traded fund’s stock valued at $7,346,000 after buying an additional 213,827 shares during the period.

iShares U.S. Telecommunications ETF Stock Performance

IYZ opened at $41.60 on Friday. iShares U.S. Telecommunications ETF has a fifty-two week low of $28.13 and a fifty-two week high of $46.07. The company has a fifty day moving average of $42.76 and a two-hundred day moving average of $38.73. The stock has a market capitalization of $767.52 million, a price-to-earnings ratio of 14.09 and a beta of 0.90.

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.