Iams Wealth Management LLC Takes Position in iShares U.S. Telecommunications ETF (BATS:IYZ)

Iams Wealth Management LLC acquired a new stake in iShares U.S. Telecommunications ETF (BATS:IYZ) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,774 shares of the exchange traded fund’s stock, valued at approximately $235,000. Iams Wealth Management LLC owned about 0.09% of iShares U.S. Telecommunications ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of IYZ. Citigroup Inc. lifted its stake in shares of iShares U.S. Telecommunications ETF by 1,907.8% in the third quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock valued at $29,571,000 after buying an additional 1,112,371 shares in the last quarter. Strengthening Families & Communities LLC raised its holdings in shares of iShares U.S. Telecommunications ETF by 5.4% in the third quarter. Strengthening Families & Communities LLC now owns 283,668 shares of the exchange traded fund’s stock valued at $7,165,000 after purchasing an additional 14,507 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF in the second quarter valued at about $5,430,000. Verity & Verity LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF in the fourth quarter valued at about $5,976,000. Finally, Sharp Financial Services LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF in the fourth quarter valued at about $5,200,000.

iShares U.S. Telecommunications ETF Stock Performance

BATS IYZ opened at $27.41 on Thursday. iShares U.S. Telecommunications ETF has a 52-week low of $26.56 and a 52-week high of $34.77. The company has a 50-day simple moving average of $27.37 and a 200 day simple moving average of $25.43. The company has a market capitalization of $275.42 million, a PE ratio of 13.32 and a beta of 0.86.

iShares U.S. Telecommunications ETF 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).