iShares U.S. Telecommunications ETF $IYZ Shares Purchased by Summit Financial Consulting LLC

Summit Financial Consulting LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 8.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,359 shares of the exchange traded fund’s stock after purchasing an additional 14,691 shares during the period. iShares U.S. Telecommunications ETF comprises approximately 6.0% of Summit Financial Consulting LLC’s investment portfolio, making the stock its 6th largest holding. Summit Financial Consulting LLC’s holdings in iShares U.S. Telecommunications ETF were worth $8,127,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA purchased a new position in shares of iShares U.S. Telecommunications ETF in the 2nd quarter worth about $28,000. TD Waterhouse Canada Inc. bought a new position in iShares U.S. Telecommunications ETF during the second quarter valued at about $28,000. Western Wealth Management LLC bought a new position in iShares U.S. Telecommunications ETF during the first quarter valued at about $34,000. Reflection Asset Management purchased a new stake in iShares U.S. Telecommunications ETF during the fourth quarter worth about $64,000. Finally, MWA Asset Management purchased a new stake in iShares U.S. Telecommunications ETF during the first quarter worth about $81,000.

iShares U.S. Telecommunications ETF Stock Performance

BATS IYZ opened at $39.99 on Friday. The company has a market capitalization of $737.82 million, a PE ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a 52-week low of $31.06 and a 52-week high of $46.07. The company has a 50-day simple moving average of $42.59 and a 200 day simple moving average of $42.20.

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.