Balboa Wealth Partners Acquires Shares of 92,288 iShares U.S. Telecommunications ETF (BATS:IYZ)

Balboa Wealth Partners acquired a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) in the 4th quarter, Holdings Channel reports. The firm acquired 92,288 shares of the exchange traded fund’s stock, valued at approximately $2,476,000.

Several other institutional investors have also bought and sold shares of IYZ. Ferguson Wellman Capital Management Inc. bought a new position in iShares U.S. Telecommunications ETF during the third quarter valued at $532,000. OneDigital Investment Advisors LLC bought a new stake in shares of iShares U.S. Telecommunications ETF in the 3rd quarter worth about $446,000. Strengthening Families & Communities LLC lifted its holdings 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 acquiring an additional 14,507 shares during the last quarter. Citigroup Inc. lifted its holdings 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 during the last quarter. Finally, Penserra Capital Management LLC bought a new stake in shares of iShares U.S. Telecommunications ETF in the 3rd quarter worth about $4,513,000.

iShares U.S. Telecommunications ETF Price Performance

Shares of IYZ opened at $26.72 on Thursday. iShares U.S. Telecommunications ETF has a 1-year low of $20.31 and a 1-year high of $28.80. The company has a 50-day moving average of $27.69 and a 200 day moving average of $26.58. The firm has a market capitalization of $559.68 million, a price-to-earnings ratio of 15.05 and a beta of 0.89.

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).