Three Seasons Wealth LLC lowered its holdings in iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) by 56.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,642 shares of the exchange traded fund’s stock after selling 164,940 shares during the period. iShares U.S. Telecommunications ETF makes up about 1.9% of Three Seasons Wealth LLC’s portfolio, making the stock its 10th largest holding. Three Seasons Wealth LLC owned approximately 0.69% of iShares U.S. Telecommunications ETF worth $5,019,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in IYZ. Advanced Asset Management Advisors Inc raised its position 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 valued at $224,000 after buying an additional 285 shares in the last quarter. Commonwealth Equity Services LLC grew its position in iShares U.S. Telecommunications ETF by 0.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 46,603 shares of the exchange traded fund’s stock worth $1,580,000 after buying an additional 415 shares in the last quarter. HighTower Advisors LLC increased its stake in iShares U.S. Telecommunications ETF by 1.1% during the 4th quarter. HighTower Advisors LLC now owns 39,612 shares of the exchange traded fund’s stock worth $1,343,000 after acquiring an additional 428 shares during the period. AlphaCore Capital LLC raised its holdings in iShares U.S. Telecommunications ETF by 8.4% in the 4th quarter. AlphaCore Capital LLC now owns 6,457 shares of the exchange traded fund’s stock valued at $219,000 after acquiring an additional 500 shares in the last quarter. Finally, CWM LLC lifted its position in shares of iShares U.S. Telecommunications ETF by 28.2% during the 4th quarter. CWM LLC now owns 2,658 shares of the exchange traded fund’s stock valued at $90,000 after acquiring an additional 584 shares during the period.
iShares U.S. Telecommunications ETF Stock Performance
BATS:IYZ opened at $40.55 on Thursday. The company has a market cap of $748.15 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. 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 fifty day moving average price of $42.58 and a 200-day moving average price of $39.81.
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.
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