133,797 Shares of iShares U.S. Telecommunications ETF $IYZ Acquired by Monument Capital Management

Monument Capital Management bought a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 133,797 shares of the exchange traded fund’s stock, valued at approximately $5,510,000. iShares U.S. Telecommunications ETF accounts for 1.2% of Monument Capital Management’s investment portfolio, making the stock its 20th biggest position. Monument Capital Management owned about 0.73% of iShares U.S. Telecommunications ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Concurrent Investment Advisors LLC grew its stake in iShares U.S. Telecommunications ETF by 96.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 106,387 shares of the exchange traded fund’s stock valued at $4,501,000 after buying an additional 52,339 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares U.S. Telecommunications ETF by 133.0% during the second quarter. Envestnet Asset Management Inc. now owns 42,458 shares of the exchange traded fund’s stock worth $1,796,000 after acquiring an additional 24,232 shares in the last quarter. WealthCare Asset Management LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF during the fourth quarter worth $7,871,000. Lee Johnson Capital Management LLC bought a new position in shares of iShares U.S. Telecommunications ETF in the first quarter worth $1,650,000. Finally, Compass Financial Management LLC bought a new position in shares of iShares U.S. Telecommunications ETF in the second quarter worth $1,213,000.

iShares U.S. Telecommunications ETF Stock Performance

Shares of BATS IYZ opened at $42.99 on Friday. iShares U.S. Telecommunications ETF has a fifty-two week low of $31.06 and a fifty-two week high of $46.07. The stock has a market cap of $793.17 million, a PE ratio of 14.09 and a beta of 0.90. The stock has a fifty day moving average of $42.72 and a 200-day moving average of $42.16.

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). 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.