Apollon Wealth Management LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 482,543 shares of the exchange traded fund’s stock, valued at approximately $12,947,000. Apollon Wealth Management LLC owned 4.80% of iShares U.S. Telecommunications ETF as of its most recent SEC filing.
Several other large investors also recently modified their holdings of IYZ. Citigroup Inc. increased its stake in shares of iShares U.S. Telecommunications ETF by 1,907.8% in the 3rd quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock worth $29,571,000 after acquiring an additional 1,112,371 shares in the last quarter. Strengthening Families & Communities LLC boosted its stake in shares of iShares U.S. Telecommunications ETF by 5.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 283,668 shares of the exchange traded fund’s stock worth $7,165,000 after buying an additional 14,507 shares during the last quarter. Millennium Management LLC bought a new stake in shares of iShares U.S. Telecommunications ETF during the 2nd quarter valued at about $5,430,000. Verity & Verity LLC purchased a new position in shares of iShares U.S. Telecommunications ETF during the 4th quarter worth $5,976,000. Finally, Sharp Financial Services LLC purchased a new position in iShares U.S. Telecommunications ETF during the fourth quarter valued at $5,200,000.
iShares U.S. Telecommunications ETF Price Performance
Shares of BATS IYZ opened at $27.96 on Friday. The stock has a market cap of $280.95 million, a PE ratio of 13.32 and a beta of 0.86. The firm has a fifty day moving average price of $27.38 and a 200-day moving average price of $25.63. iShares U.S. Telecommunications ETF has a 1 year low of $26.56 and a 1 year high of $34.77.
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).
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