True Freedom Investing LLC Buys 36,131 Shares of iShares U.S. Telecommunications ETF $IYZ

True Freedom Investing LLC raised its position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 621.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,945 shares of the exchange traded fund’s stock after purchasing an additional 36,131 shares during the quarter. True Freedom Investing LLC’s holdings in iShares U.S. Telecommunications ETF were worth $1,727,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of IYZ. Comprehensive Financial Planning Inc. PA bought a new stake in shares of iShares U.S. Telecommunications ETF in the 2nd quarter worth $28,000. TD Waterhouse Canada Inc. bought a new position in iShares U.S. Telecommunications ETF during the second quarter valued at about $28,000. Mondrian Investment Partners LTD acquired a new position in iShares U.S. Telecommunications ETF during the third quarter worth about $26,000. Western Wealth Management LLC acquired a new position in iShares U.S. Telecommunications ETF during the first quarter worth about $34,000. Finally, MWA Asset Management bought a new stake in iShares U.S. Telecommunications ETF in the first quarter worth about $81,000.

iShares U.S. Telecommunications ETF Stock Performance

Shares of BATS:IYZ opened at $38.38 on Monday. iShares U.S. Telecommunications ETF has a 1-year low of $31.06 and a 1-year high of $46.07. The company has a 50 day moving average price of $41.62 and a 200 day moving average price of $40.90. The stock has a market capitalization of $708.11 million, a price-to-earnings 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.