19,315 Shares in iShares U.S. Telecommunications ETF $IYZ Acquired by Iams Wealth Management LLC

Iams Wealth Management LLC bought a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,315 shares of the exchange traded fund’s stock, valued at approximately $795,000. Iams Wealth Management LLC owned about 0.10% of iShares U.S. Telecommunications ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Concurrent Investment Advisors LLC grew its position in shares of iShares U.S. Telecommunications ETF by 96.8% during the second quarter. Concurrent Investment Advisors LLC now owns 106,387 shares of the exchange traded fund’s stock worth $4,501,000 after acquiring an additional 52,339 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares U.S. Telecommunications ETF by 133.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 42,458 shares of the exchange traded fund’s stock worth $1,796,000 after acquiring an additional 24,232 shares during the period. Lee Johnson Capital Management LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the 1st quarter worth about $1,650,000. Advisortrust Partners LLC bought a new stake in iShares U.S. Telecommunications ETF in the 1st quarter valued at about $12,322,000. Finally, Compass Financial Management LLC bought a new stake in iShares U.S. Telecommunications ETF in the 2nd quarter valued at about $1,213,000.

iShares U.S. Telecommunications ETF Stock Down 1.4%

Shares of BATS:IYZ opened at $39.99 on Friday. The company’s 50-day moving average price is $42.59 and its 200 day moving average price is $42.20. The company has a market cap of $737.82 million, a PE ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a fifty-two week low of $31.06 and a fifty-two week high of $46.07.

iShares U.S. Telecommunications ETF Company 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.