Strengthening Families & Communities LLC Has $8.36 Million Stake in iShares U.S. Telecommunications ETF $IYZ

Strengthening Families & Communities LLC boosted its position in iShares U.S. Telecommunications ETF (BATS:IYZ) by 20,780.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,585 shares of the exchange traded fund’s stock after buying an additional 259,337 shares during the period. iShares U.S. Telecommunications ETF makes up approximately 1.9% of Strengthening Families & Communities LLC’s portfolio, making the stock its 11th biggest position. Strengthening Families & Communities LLC owned approximately 1.41% of iShares U.S. Telecommunications ETF worth $8,356,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. bought a new position in iShares U.S. Telecommunications ETF during the 3rd quarter valued at approximately $640,000. Merit Financial Group LLC bought a new position in shares of iShares U.S. Telecommunications ETF in the third quarter worth approximately $1,772,000. Brendel Financial Advisors LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF during the third quarter valued at $983,000. APS Management Group Inc. purchased a new stake in iShares U.S. Telecommunications ETF in the third quarter worth approximately $715,000. Finally, Altfest L J & Co. Inc. purchased a new position in iShares U.S. Telecommunications ETF in the third quarter worth about $3,947,000.

iShares U.S. Telecommunications ETF Stock Up 35.3%

BATS IYZ opened at $36.19 on Tuesday. 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 $667.74 million, a P/E ratio of 14.09 and a beta of 0.90. The stock’s 50-day moving average price is $33.71 and its 200-day moving average price is $32.37.

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.