97,794 Shares in iShares U.S. Telecommunications ETF (BATS:IYZ) Acquired by EWG Elevate Inc.

EWG Elevate Inc. bought a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 97,794 shares of the exchange traded fund’s stock, valued at approximately $2,624,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IYZ. Fisher Asset Management LLC lifted its holdings in iShares U.S. Telecommunications ETF by 1.7% during the 3rd quarter. Fisher Asset Management LLC now owns 22,082 shares of the exchange traded fund’s stock worth $558,000 after buying an additional 365 shares during the last quarter. Bank of Montreal Can raised its position in shares of iShares U.S. Telecommunications ETF by 0.5% during the 2nd quarter. Bank of Montreal Can now owns 123,651 shares of the exchange traded fund’s stock worth $2,918,000 after acquiring an additional 626 shares in the last quarter. National Bank of Canada FI lifted its stake in iShares U.S. Telecommunications ETF by 0.9% during the third quarter. National Bank of Canada FI now owns 88,603 shares of the exchange traded fund’s stock worth $2,238,000 after purchasing an additional 789 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in iShares U.S. Telecommunications ETF in the third quarter valued at approximately $27,000. Finally, Commonwealth Equity Services LLC increased its stake in iShares U.S. Telecommunications ETF by 3.7% in the second quarter. Commonwealth Equity Services LLC now owns 31,563 shares of the exchange traded fund’s stock valued at $686,000 after purchasing an additional 1,114 shares during the last quarter.

iShares U.S. Telecommunications ETF Trading Down 1.4 %

IYZ stock opened at $26.52 on Monday. The stock has a market cap of $266.53 million, a P/E ratio of 13.32 and a beta of 0.86. iShares U.S. Telecommunications ETF has a twelve month low of $26.56 and a twelve month high of $34.77. The company’s 50 day moving average is $27.25 and its two-hundred day moving average is $24.95.

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).