Clear Creek Financial Management LLC Purchases Shares of 59,506 iShares U.S. Telecommunications ETF (BATS:IYZ)

Clear Creek Financial Management LLC purchased a new position in iShares U.S. Telecommunications ETF (BATS:IYZ) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 59,506 shares of the exchange traded fund’s stock, valued at approximately $1,597,000. Clear Creek Financial Management LLC owned approximately 0.59% of iShares U.S. Telecommunications ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Citigroup Inc. lifted its position in iShares U.S. Telecommunications ETF by 1,907.8% during the third quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock valued at $29,571,000 after purchasing an additional 1,112,371 shares during the last quarter. Millennium Management LLC bought a new position in shares of iShares U.S. Telecommunications ETF in the 2nd quarter valued at about $5,430,000. Verity & Verity LLC purchased a new position in iShares U.S. Telecommunications ETF in the fourth quarter worth about $5,976,000. Sharp Financial Services LLC bought a new stake in iShares U.S. Telecommunications ETF during the fourth quarter worth approximately $5,200,000. Finally, Penserra Capital Management LLC purchased a new stake in iShares U.S. Telecommunications ETF during the third quarter valued at approximately $4,513,000.

iShares U.S. Telecommunications ETF Price Performance

BATS:IYZ opened at $27.46 on Friday. The firm has a market capitalization of $275.92 million, a price-to-earnings ratio of 13.32 and a beta of 0.86. The business has a 50 day simple moving average of $27.37 and a 200-day simple moving average of $25.48. iShares U.S. Telecommunications ETF has a 1 year low of $26.56 and a 1 year high of $34.77.

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).