Royal Bank of Canada Trims Stock Position in iShares U.S. Telecommunications ETF $IYZ

Royal Bank of Canada lessened its stake in iShares U.S. Telecommunications ETF (BATS:IYZ) by 12.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 262,771 shares of the exchange traded fund’s stock after selling 38,147 shares during the period. Royal Bank of Canada’s holdings in iShares U.S. Telecommunications ETF were worth $10,331,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of IYZ. Bank of America Corp DE raised its position in iShares U.S. Telecommunications ETF by 12.7% during the third quarter. Bank of America Corp DE now owns 1,617,687 shares of the exchange traded fund’s stock valued at $52,187,000 after acquiring an additional 181,929 shares in the last quarter. Pinkerton Wealth LLC boosted its position in iShares U.S. Telecommunications ETF by 4.5% in the 4th quarter. Pinkerton Wealth LLC now owns 1,253,654 shares of the exchange traded fund’s stock worth $42,499,000 after purchasing an additional 54,456 shares in the last quarter. BNP Paribas Financial Markets boosted its position in iShares U.S. Telecommunications ETF by 50.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 851,301 shares of the exchange traded fund’s stock worth $27,463,000 after purchasing an additional 283,692 shares in the last quarter. LPL Financial LLC grew its stake in shares of iShares U.S. Telecommunications ETF by 2.3% during the 4th quarter. LPL Financial LLC now owns 607,814 shares of the exchange traded fund’s stock worth $20,605,000 after purchasing an additional 13,608 shares during the period. Finally, Millennium Management LLC grew its stake in shares of iShares U.S. Telecommunications ETF by 22.4% during the 3rd quarter. Millennium Management LLC now owns 475,604 shares of the exchange traded fund’s stock worth $15,343,000 after purchasing an additional 86,933 shares during the period.

iShares U.S. Telecommunications ETF Price Performance

BATS:IYZ opened at $43.60 on Friday. The company has a 50 day moving average price of $41.88 and a 200-day moving average price of $40.63. iShares U.S. Telecommunications ETF has a 1-year low of $30.17 and a 1-year high of $46.07. The firm has a market cap of $804.42 million, a price-to-earnings ratio of 14.09 and a beta of 0.90.

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). 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.