Lifestyle Asset Management Inc. Has $3.51 Million Stock Position in iShares U.S. Telecommunications ETF $IYZ

Lifestyle Asset Management Inc. increased its position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 37.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 103,417 shares of the exchange traded fund’s stock after buying an additional 28,053 shares during the quarter. iShares U.S. Telecommunications ETF comprises about 1.1% of Lifestyle Asset Management Inc.’s portfolio, making the stock its 18th biggest position. Lifestyle Asset Management Inc. owned approximately 0.56% of iShares U.S. Telecommunications ETF worth $3,506,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IYZ. Royal Bank of Canada raised its stake in iShares U.S. Telecommunications ETF by 4.7% during the 1st quarter. Royal Bank of Canada now owns 165,327 shares of the exchange traded fund’s stock worth $4,527,000 after buying an additional 7,358 shares during the period. Goldman Sachs Group Inc. raised its stake in iShares U.S. Telecommunications ETF by 393.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 268,212 shares of the exchange traded fund’s stock worth $7,346,000 after buying an additional 213,827 shares during the period. Jane Street Group LLC raised its stake in iShares U.S. Telecommunications ETF by 126.6% during the 1st quarter. Jane Street Group LLC now owns 23,312 shares of the exchange traded fund’s stock worth $639,000 after buying an additional 13,023 shares during the period. Qube Research & Technologies Ltd raised its stake in iShares U.S. Telecommunications ETF by 14.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 184,398 shares of the exchange traded fund’s stock worth $5,491,000 after buying an additional 23,215 shares during the period. Finally, Raymond James Financial Inc. raised its stake in iShares U.S. Telecommunications ETF by 15.4% during the 2nd quarter. Raymond James Financial Inc. now owns 428,782 shares of the exchange traded fund’s stock worth $12,769,000 after buying an additional 57,284 shares during the period.

iShares U.S. Telecommunications ETF Stock Performance

IYZ stock opened at $44.34 on Friday. The stock’s 50 day simple moving average is $42.25 and its 200 day simple moving average is $37.97. iShares U.S. Telecommunications ETF has a fifty-two week low of $27.97 and a fifty-two week high of $46.07. The company has a market cap of $818.07 million, a P/E ratio of 14.09 and a beta of 0.90.

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.