World Equity Group Inc. Acquires New Stake in iShares U.S. Telecommunications ETF $IYZ

World Equity Group Inc. bought a new position 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. The firm bought 16,310 shares of the exchange traded fund’s stock, valued at approximately $526,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IYZ. Croban increased its stake in shares of iShares U.S. Telecommunications ETF by 0.6% in the second quarter. Croban now owns 75,634 shares of the exchange traded fund’s stock valued at $2,252,000 after buying an additional 454 shares during the period. WFA of San Diego LLC bought a new stake in iShares U.S. Telecommunications ETF in the second quarter valued at approximately $25,000. Yeomans Consulting Group Inc. increased its position in iShares U.S. Telecommunications ETF by 2.6% during the 3rd quarter. Yeomans Consulting Group Inc. now owns 36,151 shares of the exchange traded fund’s stock valued at $1,175,000 after purchasing an additional 920 shares during the period. Leuthold Group LLC increased its position in iShares U.S. Telecommunications ETF by 2.6% during the 2nd quarter. Leuthold Group LLC now owns 42,014 shares of the exchange traded fund’s stock valued at $1,251,000 after purchasing an additional 1,078 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in iShares U.S. Telecommunications ETF during the 2nd quarter worth approximately $32,000.

iShares U.S. Telecommunications ETF Stock Performance

Shares of BATS IYZ opened at $33.70 on Friday. The company’s 50 day moving average price is $32.99 and its 200-day moving average price is $31.81. iShares U.S. Telecommunications ETF has a 52-week low of $21.55 and a 52-week high of $30.50. The company has a market capitalization of $621.69 million, a P/E 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.