J.P. Morgan Private Wealth Advisors LLC Sells 1,817 Shares of iShares U.S. Telecommunications ETF (BATS:IYZ)

J.P. Morgan Private Wealth Advisors LLC lowered its position in iShares U.S. Telecommunications ETF (BATS:IYZFree Report) by 3.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 49,297 shares of the exchange traded fund’s stock after selling 1,817 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in iShares U.S. Telecommunications ETF were worth $1,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of IYZ. Raymond James & Associates boosted its stake in shares of iShares U.S. Telecommunications ETF by 91.9% during the first quarter. Raymond James & Associates now owns 51,503 shares of the exchange traded fund’s stock valued at $1,539,000 after purchasing an additional 24,658 shares during the period. US Bancorp DE boosted its stake in shares of iShares U.S. Telecommunications ETF by 70.3% during the first quarter. US Bancorp DE now owns 4,231 shares of the exchange traded fund’s stock valued at $126,000 after purchasing an additional 1,747 shares during the period. Cetera Investment Advisers boosted its stake in shares of iShares U.S. Telecommunications ETF by 15.1% during the first quarter. Cetera Investment Advisers now owns 11,460 shares of the exchange traded fund’s stock valued at $343,000 after purchasing an additional 1,507 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in shares of iShares U.S. Telecommunications ETF during the first quarter valued at approximately $1,262,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of iShares U.S. Telecommunications ETF by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 427,005 shares of the exchange traded fund’s stock valued at $12,763,000 after purchasing an additional 22,996 shares during the period.

iShares U.S. Telecommunications ETF Stock Performance

BATS:IYZ opened at $22.65 on Tuesday. The firm has a market cap of $375.91 million, a PE ratio of 8.61 and a beta of 0.88. iShares U.S. Telecommunications ETF has a fifty-two week low of $26.56 and a fifty-two week high of $34.77. The business has a 50 day moving average price of $22.72 and a 200-day moving average price of $22.02.

About iShares U.S. Telecommunications ETF

(Free Report)

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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Want to see what other hedge funds are holding IYZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Telecommunications ETF (BATS:IYZFree Report).

Institutional Ownership by Quarter for iShares U.S. Telecommunications ETF (BATS:IYZ)

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