Independent Advisor Alliance Makes New Investment in iShares U.S. Telecommunications ETF (BATS:IYZ)

Independent Advisor Alliance purchased a new position in iShares U.S. Telecommunications ETF (BATS:IYZ) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 540,791 shares of the exchange traded fund’s stock, valued at approximately $14,509,000. Independent Advisor Alliance owned approximately 0.05% of iShares U.S. Telecommunications ETF at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Citigroup Inc. grew its stake in iShares U.S. Telecommunications ETF by 1,907.8% during the 3rd quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock valued at $29,571,000 after acquiring an additional 1,112,371 shares in the last quarter. Raymond James Financial Inc. purchased a new position in iShares U.S. Telecommunications ETF during the 4th quarter valued at about $16,984,000. Apollon Wealth Management LLC purchased a new position in iShares U.S. Telecommunications ETF during the 4th quarter valued at about $12,947,000. Norden Group LLC purchased a new position in iShares U.S. Telecommunications ETF during the 4th quarter valued at about $9,555,000. Finally, Moloney Securities Asset Management LLC purchased a new position in iShares U.S. Telecommunications ETF during the 4th quarter valued at about $8,269,000.

iShares U.S. Telecommunications ETF Stock Performance

Shares of BATS IYZ opened at $28.19 on Monday. The stock has a market cap of $590.48 million, a price-to-earnings ratio of 15.05 and a beta of 0.89. The business has a 50 day simple moving average of $27.67 and a 200 day simple moving average of $26.53. iShares U.S. Telecommunications ETF has a 52 week low of $26.56 and a 52 week high of $34.77.

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).