Pinkerton Wealth LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,246 shares of the exchange traded fund’s stock, valued at approximately $1,369,000. Pinkerton Wealth LLC owned 0.18% of iShares U.S. Telecommunications ETF at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Comprehensive Financial Planning Inc. PA purchased a new position in shares of iShares U.S. Telecommunications ETF in the 2nd quarter worth approximately $28,000. TD Waterhouse Canada Inc. bought a new stake in iShares U.S. Telecommunications ETF in the second quarter worth $28,000. Mondrian Investment Partners LTD bought a new stake in iShares U.S. Telecommunications ETF in the third quarter worth $26,000. Western Wealth Management LLC purchased a new position in iShares U.S. Telecommunications ETF during the first quarter worth $34,000. Finally, MWA Asset Management purchased a new position in iShares U.S. Telecommunications ETF during the first quarter worth $81,000.
iShares U.S. Telecommunications ETF Price Performance
IYZ stock opened at $38.38 on Monday. iShares U.S. Telecommunications ETF has a twelve month low of $31.06 and a twelve month high of $46.07. The stock has a market capitalization of $708.11 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. The firm’s fifty day simple moving average is $41.62 and its two-hundred day simple moving average is $40.90.
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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