Alpha Cubed Investments LLC Invests $2.15 Million in iShares U.S. Telecommunications ETF (BATS:IYZ)

Alpha Cubed Investments LLC purchased a new stake in iShares U.S. Telecommunications ETF (BATS:IYZ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 94,505 shares of the exchange traded fund’s stock, valued at approximately $2,151,000.

Several other institutional investors have also made changes to their positions in IYZ. Truist Financial Corp lifted its position in shares of iShares U.S. Telecommunications ETF by 53.8% during the 4th quarter. Truist Financial Corp now owns 31,126 shares of the exchange traded fund’s stock valued at $708,000 after acquiring an additional 10,894 shares during the period. Kellett Wealth Advisors LLC acquired a new position in shares of iShares U.S. Telecommunications ETF in the 4th quarter valued at approximately $346,000. Dakota Wealth Management raised its position in shares of iShares U.S. Telecommunications ETF by 21.8% in the 4th quarter. Dakota Wealth Management now owns 489,571 shares of the exchange traded fund’s stock valued at $11,143,000 after buying an additional 87,786 shares in the last quarter. Williams & Novak LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the 4th quarter worth approximately $313,000. Finally, International Assets Investment Management LLC bought a new position in iShares U.S. Telecommunications ETF in the fourth quarter valued at approximately $363,000.

iShares U.S. Telecommunications ETF Price Performance

IYZ traded down $0.32 during trading on Tuesday, hitting $20.59. 252,608 shares of the stock traded hands. The business has a 50 day moving average price of $21.52 and a 200 day moving average price of $21.87. The company has a market cap of $224.43 million, a price-to-earnings ratio of 12.97 and a beta of 0.93. iShares U.S. Telecommunications ETF has a twelve month low of $26.56 and a twelve month high of $34.77.

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).