Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) by 317.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 71,676 shares of the exchange traded fund’s stock after acquiring an additional 54,509 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Telecommunications ETF were worth $2,430,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of IYZ. WFA of San Diego LLC bought a new stake in shares of iShares U.S. Telecommunications ETF during the 2nd quarter worth approximately $25,000. Assetmark Inc. lifted its stake in shares of iShares U.S. Telecommunications ETF by 751.9% during the 3rd quarter. Assetmark Inc. now owns 886 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 782 shares during the last quarter. Concord Wealth Partners bought a new stake in shares of iShares U.S. Telecommunications ETF during the 4th quarter worth approximately $34,000. Allworth Financial LP lifted its stake in shares of iShares U.S. Telecommunications ETF by 4,732.3% during the 4th quarter. Allworth Financial LP now owns 1,498 shares of the exchange traded fund’s stock worth $51,000 after acquiring an additional 1,467 shares during the last quarter. Finally, Miller Global Investments LLC bought a new stake in shares of iShares U.S. Telecommunications ETF during the 4th quarter worth approximately $60,000.
iShares U.S. Telecommunications ETF Stock Performance
Shares of IYZ stock opened at $44.74 on Wednesday. The stock has a 50 day moving average price of $41.51 and a 200 day moving average price of $37.35. The firm has a market capitalization of $825.45 million, a P/E ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a 52-week low of $27.74 and a 52-week high of $45.10.
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). 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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