HighTower Advisors LLC Takes $2.76 Million Position in iShares U.S. Telecommunications ETF (BATS:IYZ)

HighTower Advisors LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 109,174 shares of the exchange traded fund’s stock, valued at approximately $2,759,000. HighTower Advisors LLC owned 1.09% of iShares U.S. Telecommunications ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Cetera Advisors LLC purchased a new stake in iShares U.S. Telecommunications ETF in the 1st quarter worth $351,000. Dynamic Advisor Solutions LLC lifted its stake in iShares U.S. Telecommunications ETF by 15.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 15,995 shares of the exchange traded fund’s stock worth $347,000 after purchasing an additional 2,140 shares in the last quarter. Raymond James & Associates lifted its stake in iShares U.S. Telecommunications ETF by 6.8% in the 2nd quarter. Raymond James & Associates now owns 69,720 shares of the exchange traded fund’s stock worth $1,514,000 after purchasing an additional 4,448 shares in the last quarter. Family Firm Inc. lifted its stake in iShares U.S. Telecommunications ETF by 11.5% in the 2nd quarter. Family Firm Inc. now owns 18,933 shares of the exchange traded fund’s stock worth $411,000 after purchasing an additional 1,955 shares in the last quarter. Finally, Destination Wealth Management lifted its stake in iShares U.S. Telecommunications ETF by 2.7% in the 2nd quarter. Destination Wealth Management now owns 76,173 shares of the exchange traded fund’s stock worth $1,654,000 after purchasing an additional 2,009 shares in the last quarter.

iShares U.S. Telecommunications ETF Stock Up 1.2 %

Shares of IYZ stock opened at $27.84 on Friday. The stock has a market cap of $279.79 million, a P/E 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. The company’s fifty day simple moving average is $26.69 and its two-hundred day simple moving average is $24.04.

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).