IMC Chicago LLC Purchases New Shares in iShares U.S. Telecommunications ETF $IYZ

IMC Chicago LLC acquired a new stake in iShares U.S. Telecommunications ETF (BATS:IYZ) in the first quarter, Holdings Channel reports. The institutional investor acquired 22,137 shares of the exchange traded fund’s stock, valued at approximately $870,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. purchased a new stake in shares of iShares U.S. Telecommunications ETF during the 4th quarter worth about $2,610,000. Summit Financial Consulting LLC increased its stake in shares of iShares U.S. Telecommunications ETF by 8.3% in the 4th quarter. Summit Financial Consulting LLC now owns 228,255 shares of the exchange traded fund’s stock valued at $7,738,000 after purchasing an additional 17,509 shares in the last quarter. Kesler Norman & Wride LLC acquired a new position in iShares U.S. Telecommunications ETF in the 4th quarter worth about $1,198,000. WealthCare Asset Management LLC acquired a new position in iShares U.S. Telecommunications ETF in the 4th quarter worth about $7,871,000. Finally, Leo Wealth LLC acquired a new stake in iShares U.S. Telecommunications ETF in the fourth quarter valued at approximately $963,000.

iShares U.S. Telecommunications ETF Stock Down 2.4%

Shares of BATS IYZ opened at $40.55 on Thursday. The company’s 50-day simple moving average is $42.58 and its 200-day simple moving average is $39.81. iShares U.S. Telecommunications ETF has a 52-week low of $29.15 and a 52-week high of $46.07. The firm 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 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.