Corient Private Wealth LLC Purchases 17,434 Shares of iShares U.S. Telecommunications ETF $IYZ

Corient Private Wealth LLC raised its position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 96.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,531 shares of the exchange traded fund’s stock after purchasing an additional 17,434 shares during the period. Corient Private Wealth LLC’s holdings in iShares U.S. Telecommunications ETF were worth $1,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of iShares U.S. Telecommunications ETF by 4.7% during the first quarter. Royal Bank of Canada now owns 165,327 shares of the exchange traded fund’s stock valued at $4,527,000 after buying an additional 7,358 shares during the period. Goldman Sachs Group Inc. lifted its stake in iShares U.S. Telecommunications ETF by 393.2% in the first quarter. Goldman Sachs Group Inc. now owns 268,212 shares of the exchange traded fund’s stock worth $7,346,000 after acquiring an additional 213,827 shares during the period. Jane Street Group LLC grew its holdings in iShares U.S. Telecommunications ETF by 126.6% during the 1st quarter. Jane Street Group LLC now owns 23,312 shares of the exchange traded fund’s stock worth $639,000 after acquiring an additional 13,023 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in iShares U.S. Telecommunications ETF by 14.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 184,398 shares of the exchange traded fund’s stock worth $5,491,000 after acquiring an additional 23,215 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in iShares U.S. Telecommunications ETF by 15.4% during the 2nd quarter. Raymond James Financial Inc. now owns 428,782 shares of the exchange traded fund’s stock valued at $12,769,000 after purchasing an additional 57,284 shares during the period.

iShares U.S. Telecommunications ETF Stock Performance

Shares of IYZ opened at $41.80 on Thursday. The company has a 50 day moving average price of $42.76 and a 200-day moving average price of $39.26. iShares U.S. Telecommunications ETF has a fifty-two week low of $29.15 and a fifty-two week high of $46.07. The stock has a market capitalization of $771.21 million, a PE ratio of 14.09 and a beta of 0.90.

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.