Croban boosted its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,634 shares of the exchange traded fund’s stock after purchasing an additional 454 shares during the period. iShares U.S. Telecommunications ETF comprises approximately 1.9% of Croban’s investment portfolio, making the stock its 14th biggest position. Croban’s holdings in iShares U.S. Telecommunications ETF were worth $2,252,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its stake in iShares U.S. Telecommunications ETF by 393.2% during the first quarter. Goldman Sachs Group Inc. now owns 268,212 shares of the exchange traded fund’s stock worth $7,346,000 after purchasing an additional 213,827 shares during the last quarter. Summit Financial Consulting LLC bought a new stake in iShares U.S. Telecommunications ETF during the first quarter worth $6,119,000. Royal Bank of Canada lifted its stake in iShares U.S. Telecommunications ETF by 4.7% during the first quarter. Royal Bank of Canada now owns 165,327 shares of the exchange traded fund’s stock worth $4,527,000 after purchasing an additional 7,358 shares during the last quarter. Baker Avenue Asset Management LP bought a new stake in iShares U.S. Telecommunications ETF during the first quarter worth $3,347,000. Finally, Second Half Financial Partners LLC lifted its stake in iShares U.S. Telecommunications ETF by 1,000.7% during the first quarter. Second Half Financial Partners LLC now owns 83,213 shares of the exchange traded fund’s stock worth $2,279,000 after purchasing an additional 75,653 shares during the last quarter.
iShares U.S. Telecommunications ETF Stock Performance
BATS IYZ opened at $32.20 on Friday. The firm’s fifty day moving average price is $31.54 and its two-hundred day moving average price is $29.21. The stock has a market cap of $594.11 million, a PE ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a fifty-two week low of $21.55 and a fifty-two week high of $30.50.
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).
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