Concurrent Investment Advisors LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,117 shares of the exchange traded fund’s stock after buying an additional 2,613 shares during the period. Concurrent Investment Advisors LLC owned approximately 0.51% of iShares U.S. Telecommunications ETF worth $1,371,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of iShares U.S. Telecommunications ETF during the third quarter worth about $27,000. Global Retirement Partners LLC raised its holdings in iShares U.S. Telecommunications ETF by 301.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,199 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 900 shares in the last quarter. FSA Wealth Management LLC purchased a new position in iShares U.S. Telecommunications ETF during the third quarter worth about $37,000. CX Institutional purchased a new position in iShares U.S. Telecommunications ETF during the fourth quarter worth about $215,000. Finally, Mezzasalma Advisors LLC purchased a new position in iShares U.S. Telecommunications ETF during the fourth quarter worth about $226,000.
iShares U.S. Telecommunications ETF Stock Up 5.7 %
BATS IYZ opened at $28.29 on Friday. The stock has a market capitalization of $562.87 million, a P/E ratio of 18.98 and a beta of 0.88. iShares U.S. Telecommunications ETF has a 52-week low of $26.56 and a 52-week high of $34.77. The firm has a 50-day moving average price of $27.48 and a 200 day moving average price of $26.11.
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).
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