CoreCap Advisors LLC Has $6.18 Million Stake in iShares U.S. Telecommunications ETF $IYZ

CoreCap Advisors LLC grew its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 179.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,979 shares of the exchange traded fund’s stock after acquiring an additional 93,680 shares during the period. CoreCap Advisors LLC owned 0.79% of iShares U.S. Telecommunications ETF worth $6,176,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in IYZ. WFA of San Diego LLC acquired a new position in iShares U.S. Telecommunications ETF in the second quarter valued at approximately $25,000. Western Wealth Management LLC bought a new position in iShares U.S. Telecommunications ETF in the first quarter worth approximately $34,000. Concord Wealth Partners bought a new stake in shares of iShares U.S. Telecommunications ETF during the fourth quarter valued at approximately $34,000. Allworth Financial LP grew its position in iShares U.S. Telecommunications ETF by 4,732.3% in the 4th quarter. Allworth Financial LP now owns 1,498 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 1,467 shares during the period. Finally, Reflection Asset Management bought a new position in shares of iShares U.S. Telecommunications ETF in the fourth quarter valued at $64,000.

iShares U.S. Telecommunications ETF Stock Performance

Shares of IYZ opened at $42.97 on Thursday. The stock has a 50 day moving average price of $41.92 and a two-hundred day moving average price of $40.55. iShares U.S. Telecommunications ETF has a 52 week low of $29.91 and a 52 week high of $46.07. The firm has a market capitalization of $792.80 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.