Harmony Asset Management LLC Takes $930,000 Position in iShares U.S. Telecommunications ETF $IYZ

Harmony Asset Management LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,419 shares of the exchange traded fund’s stock, valued at approximately $930,000.

Other institutional investors have also recently made changes to their positions in the company. Clear Creek Financial Management LLC acquired a new position in shares of iShares U.S. Telecommunications ETF during the third quarter valued at about $813,000. TD Waterhouse Canada Inc. acquired a new position in shares of iShares U.S. Telecommunications ETF during the fourth quarter valued at about $2,610,000. Moloney Securities Asset Management LLC acquired a new position in shares of iShares U.S. Telecommunications ETF during the third quarter valued at about $9,288,000. Citigroup Inc. raised its holdings in shares of iShares U.S. Telecommunications ETF by 140.2% during the third quarter. Citigroup Inc. now owns 2,085,584 shares of the exchange traded fund’s stock valued at $67,281,000 after purchasing an additional 1,217,487 shares during the period. Finally, Leo Wealth LLC acquired a new position in shares of iShares U.S. Telecommunications ETF during the fourth quarter valued at about $963,000.

iShares U.S. Telecommunications ETF Trading Up 0.2%

Shares of BATS IYZ opened at $42.92 on Thursday. The firm’s 50-day moving average price is $41.08 and its 200-day moving average price is $37.01. iShares U.S. Telecommunications ETF has a 1-year low of $27.74 and a 1-year high of $43.71. The firm has a market capitalization of $791.87 million, a P/E ratio of 14.09 and a beta of 0.90.

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.