Leuthold Group LLC Buys 25,595 Shares of iShares U.S. Telecommunications ETF (BATS:IYZ)

Leuthold Group LLC increased its stake in iShares U.S. Telecommunications ETF (BATS:IYZ) by 102.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,602 shares of the exchange traded fund’s stock after acquiring an additional 25,595 shares during the period. Leuthold Group LLC owned about 0.50% of iShares U.S. Telecommunications ETF worth $1,358,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in iShares U.S. Telecommunications ETF during the third quarter worth about $27,000. Global Retirement Partners LLC lifted its position in iShares U.S. Telecommunications ETF by 301.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,199 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 900 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in iShares U.S. Telecommunications ETF in the third quarter worth approximately $37,000. CX Institutional purchased a new stake in iShares U.S. Telecommunications ETF in the fourth quarter worth approximately $215,000. Finally, Mezzasalma Advisors LLC bought a new position in iShares U.S. Telecommunications ETF during the fourth quarter valued at approximately $226,000.

iShares U.S. Telecommunications ETF Stock Performance

Shares of IYZ opened at $28.29 on Friday. iShares U.S. Telecommunications ETF has a fifty-two week low of $26.56 and a fifty-two week high of $34.77. The firm has a market cap of $562.87 million, a price-to-earnings ratio of 18.98 and a beta of 0.88. The firm has a 50 day moving average price of $27.48 and a 200-day moving average price of $26.08.

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).