PNC Financial Services Group Inc. Has $60,000 Holdings in iShares U.S. Telecommunications ETF (BATS:IYZ)

PNC Financial Services Group Inc. lessened its position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 42.2% in the fourth quarter, HoldingsChannel reports. The fund owned 2,222 shares of the exchange traded fund’s stock after selling 1,625 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares U.S. Telecommunications ETF were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in IYZ. Brown Brothers Harriman & Co. acquired a new stake in iShares U.S. Telecommunications ETF during the 3rd quarter worth approximately $27,000. Global Retirement Partners LLC boosted its position in shares of iShares U.S. Telecommunications ETF by 301.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,199 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 900 shares during the period. FSA Wealth Management LLC acquired a new position in shares of iShares U.S. Telecommunications ETF in the third quarter valued at about $37,000. CX Institutional bought a new position in iShares U.S. Telecommunications ETF during the fourth quarter worth about $215,000. Finally, Mezzasalma Advisors LLC acquired a new stake in iShares U.S. Telecommunications ETF in the 4th quarter worth about $226,000.

iShares U.S. Telecommunications ETF Stock Up 3.5 %

BATS IYZ opened at $27.69 on Thursday. The firm has a 50-day moving average price of $27.77 and a two-hundred day moving average price of $26.85. iShares U.S. Telecommunications ETF has a 12-month low of $20.31 and a 12-month high of $28.80. The company has a market capitalization of $437.53 million, a P/E ratio of 14.77 and a beta of 0.89.

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).