RPS Advisory Solutions LLC Has $8.94 Million Stock Position in iShares U.S. Telecommunications ETF $IYZ

RPS Advisory Solutions LLC lifted its holdings in iShares U.S. Telecommunications ETF (BATS:IYZ) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 263,764 shares of the exchange traded fund’s stock after purchasing an additional 18,787 shares during the quarter. iShares U.S. Telecommunications ETF accounts for approximately 4.2% of RPS Advisory Solutions LLC’s holdings, making the stock its 4th largest position. RPS Advisory Solutions LLC owned approximately 1.43% of iShares U.S. Telecommunications ETF worth $8,942,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Advanced Asset Management Advisors Inc grew its stake in shares of iShares U.S. Telecommunications ETF by 4.5% in the fourth quarter. Advanced Asset Management Advisors Inc now owns 6,605 shares of the exchange traded fund’s stock worth $224,000 after purchasing an additional 285 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of iShares U.S. Telecommunications ETF by 1.1% in the fourth quarter. HighTower Advisors LLC now owns 39,612 shares of the exchange traded fund’s stock worth $1,343,000 after purchasing an additional 428 shares in the last quarter. AlphaCore Capital LLC grew its stake in shares of iShares U.S. Telecommunications ETF by 8.4% in the fourth quarter. AlphaCore Capital LLC now owns 6,457 shares of the exchange traded fund’s stock worth $219,000 after purchasing an additional 500 shares in the last quarter. CWM LLC grew its stake in shares of iShares U.S. Telecommunications ETF by 28.2% in the fourth quarter. CWM LLC now owns 2,658 shares of the exchange traded fund’s stock worth $90,000 after purchasing an additional 584 shares in the last quarter. Finally, Koshinski Asset Management Inc. grew its stake in shares of iShares U.S. Telecommunications ETF by 2.3% in the fourth quarter. Koshinski Asset Management Inc. now owns 26,577 shares of the exchange traded fund’s stock worth $901,000 after purchasing an additional 609 shares in the last quarter.

iShares U.S. Telecommunications ETF Stock Performance

BATS:IYZ opened at $42.83 on Wednesday. The business has a fifty day moving average of $41.00 and a 200-day moving average of $36.94. iShares U.S. Telecommunications ETF has a 1 year low of $27.74 and a 1 year high of $43.71. The stock has a market cap of $790.21 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.