SHP Wealth Management Acquires Shares of 20,299 iShares U.S. Telecommunications ETF $IYZ

SHP Wealth Management acquired a new stake in iShares U.S. Telecommunications ETF (BATS:IYZ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,299 shares of the exchange traded fund’s stock, valued at approximately $688,000. SHP Wealth Management owned about 0.11% of iShares U.S. Telecommunications ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IYZ. WFA of San Diego LLC purchased a new position in shares of iShares U.S. Telecommunications ETF during the second quarter worth $25,000. Assetmark Inc. boosted its holdings in iShares U.S. Telecommunications ETF by 751.9% in the third quarter. Assetmark Inc. now owns 886 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 782 shares during the last quarter. Concord Wealth Partners purchased a new stake in iShares U.S. Telecommunications ETF in the fourth quarter valued at $34,000. Allworth Financial LP grew its position in iShares U.S. Telecommunications ETF by 4,732.3% during the 4th quarter. Allworth Financial LP now owns 1,498 shares of the exchange traded fund’s stock worth $51,000 after purchasing an additional 1,467 shares during the period. Finally, Miller Global Investments LLC acquired a new stake in iShares U.S. Telecommunications ETF during the 4th quarter worth about $60,000.

iShares U.S. Telecommunications ETF Stock Performance

BATS IYZ opened at $41.60 on Friday. The stock has a 50-day simple moving average of $42.76 and a two-hundred day simple moving average of $38.73. The firm has a market capitalization of $767.52 million, a P/E ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a fifty-two week low of $28.13 and a fifty-two week high of $46.07.

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.