Monument Capital Management Purchases 133,797 Shares of iShares U.S. Telecommunications ETF $IYZ

Monument Capital Management purchased a new position in iShares U.S. Telecommunications ETF (BATS:IYZ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 133,797 shares of the exchange traded fund’s stock, valued at approximately $5,510,000. iShares U.S. Telecommunications ETF accounts for about 1.2% of Monument Capital Management’s investment portfolio, making the stock its 20th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE grew its position in iShares U.S. Telecommunications ETF by 25.5% during the first quarter. Bank of America Corp DE now owns 1,786,452 shares of the exchange traded fund’s stock worth $70,243,000 after buying an additional 363,423 shares in the last quarter. Advisortrust Partners LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF during the 1st quarter valued at $12,322,000. Three Seasons Wealth LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF by 95.3% during the 2nd quarter. Three Seasons Wealth LLC now owns 249,263 shares of the exchange traded fund’s stock worth $10,546,000 after acquiring an additional 121,621 shares during the last quarter. WealthCare Asset Management LLC grew its position in iShares U.S. Telecommunications ETF by 1.1% in the first quarter. WealthCare Asset Management LLC now owns 244,862 shares of the exchange traded fund’s stock worth $9,628,000 after acquiring an additional 2,732 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in iShares U.S. Telecommunications ETF by 179.1% during the second quarter. CoreCap Advisors LLC now owns 145,979 shares of the exchange traded fund’s stock valued at $6,176,000 after purchasing an additional 93,680 shares in the last quarter.

iShares U.S. Telecommunications ETF Trading Down 1.8%

IYZ opened at $42.99 on Friday. The stock has a market capitalization of $793.17 million, a P/E ratio of 14.09 and a beta of 0.90. The stock has a 50-day moving average price of $42.72 and a 200-day moving average price of $42.16. iShares U.S. Telecommunications ETF has a 12-month low of $31.06 and a 12-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.