Williams & Novak LLC Reduces Position in iShares U.S. Telecommunications ETF (BATS:IYZ)

Williams & Novak LLC decreased its holdings in iShares U.S. Telecommunications ETF (BATS:IYZ) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,765 shares of the exchange traded fund’s stock after selling 3,175 shares during the period. Williams & Novak LLC’s holdings in iShares U.S. Telecommunications ETF were worth $396,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Citigroup Inc. grew its holdings in iShares U.S. Telecommunications ETF by 1,907.8% during the 3rd quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock valued at $29,571,000 after buying an additional 1,112,371 shares in the last quarter. Millennium Management LLC purchased a new stake in iShares U.S. Telecommunications ETF in the 2nd quarter worth approximately $5,430,000. Verity & Verity LLC bought a new position in iShares U.S. Telecommunications ETF in the 4th quarter valued at $5,976,000. Sharp Financial Services LLC purchased a new position in shares of iShares U.S. Telecommunications ETF during the 4th quarter valued at $5,200,000. Finally, Penserra Capital Management LLC bought a new position in shares of iShares U.S. Telecommunications ETF in the third quarter worth $4,513,000.

iShares U.S. Telecommunications ETF Stock Performance

Shares of IYZ stock opened at $27.51 on Wednesday. The company has a market capitalization of $276.45 million, a PE ratio of 13.32 and a beta of 0.86. iShares U.S. Telecommunications ETF has a 52-week low of $26.56 and a 52-week high of $34.77. The business’s fifty day moving average is $27.36 and its 200 day moving average is $25.42.

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).