Goldstone Financial Group LLC Takes Position in iShares U.S. Telecommunications ETF (BATS:IYZ)

Goldstone Financial Group LLC bought a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,678 shares of the exchange traded fund’s stock, valued at approximately $394,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IYZ. Brown Brothers Harriman & Co. bought a new position in shares of iShares U.S. Telecommunications ETF during the 3rd quarter valued at about $27,000. FSA Wealth Management LLC bought a new stake in iShares U.S. Telecommunications ETF during the third quarter worth approximately $37,000. CHICAGO TRUST Co NA acquired a new position in iShares U.S. Telecommunications ETF in the third quarter worth approximately $219,000. City Center Advisors LLC bought a new position in shares of iShares U.S. Telecommunications ETF in the fourth quarter valued at $228,000. Finally, Blair William & Co. IL lifted its position in shares of iShares U.S. Telecommunications ETF by 35.0% during the 2nd quarter. Blair William & Co. IL now owns 16,207 shares of the exchange traded fund’s stock valued at $352,000 after acquiring an additional 4,200 shares during the last quarter.

iShares U.S. Telecommunications ETF Stock Up 1.0 %

Shares of BATS IYZ opened at $27.03 on Friday. The stock’s fifty day simple moving average is $27.27 and its 200 day simple moving average is $25.04. The stock has a market capitalization of $271.60 million, a price-to-earnings ratio of 13.32 and a beta of 0.86. iShares U.S. Telecommunications ETF has a 52-week low of $26.56 and a 52-week high of $34.77.

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).