CoreCap Advisors LLC Acquires 93,680 Shares of iShares U.S. Telecommunications ETF $IYZ

CoreCap Advisors LLC increased its stake in iShares U.S. Telecommunications ETF (BATS:IYZ) by 179.1% in the 2nd quarter, Holdings Channel reports. The fund owned 145,979 shares of the exchange traded fund’s stock after buying an additional 93,680 shares during the quarter. CoreCap Advisors LLC’s holdings in iShares U.S. Telecommunications ETF were worth $6,176,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of iShares U.S. Telecommunications ETF by 25.5% in the 1st quarter. Bank of America Corp DE now owns 1,786,452 shares of the exchange traded fund’s stock valued at $70,243,000 after purchasing an additional 363,423 shares in the last quarter. Pinkerton Wealth LLC boosted its position in iShares U.S. Telecommunications ETF by 4.5% during the fourth quarter. Pinkerton Wealth LLC now owns 1,253,654 shares of the exchange traded fund’s stock valued at $42,499,000 after buying an additional 54,456 shares during the period. BNP Paribas Financial Markets grew its stake in shares of 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 valued at $27,463,000 after buying an additional 283,692 shares during the last quarter. LPL Financial LLC lifted its stake in shares of iShares U.S. Telecommunications ETF by 2.3% in the 4th quarter. LPL Financial LLC now owns 607,814 shares of the exchange traded fund’s stock valued at $20,605,000 after acquiring an additional 13,608 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in iShares U.S. Telecommunications ETF by 22.4% during the 3rd quarter. Millennium Management LLC now owns 475,604 shares of the exchange traded fund’s stock valued at $15,343,000 after acquiring an additional 86,933 shares during the period.

iShares U.S. Telecommunications ETF Price Performance

Shares of iShares U.S. Telecommunications ETF stock opened at $42.97 on Thursday. iShares U.S. Telecommunications ETF has a one year low of $29.91 and a one year high of $46.07. The business’s 50 day simple moving average is $41.92 and its two-hundred day simple moving average is $40.55. The stock has a market capitalization of $792.80 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.