Midwest Trust Co Makes New $356,000 Investment in iShares U.S. Telecommunications ETF $IYZ

Midwest Trust Co purchased a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,971 shares of the exchange traded fund’s stock, valued at approximately $356,000. Midwest Trust Co owned about 0.06% of iShares U.S. Telecommunications ETF as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in shares of iShares U.S. Telecommunications ETF by 393.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 268,212 shares of the exchange traded fund’s stock worth $7,346,000 after buying an additional 213,827 shares during the period. AE Wealth Management LLC lifted its position in iShares U.S. Telecommunications ETF by 30.1% during the 2nd quarter. AE Wealth Management LLC now owns 168,618 shares of the exchange traded fund’s stock worth $5,021,000 after acquiring an additional 38,998 shares during the last quarter. Royal Bank of Canada lifted its position in iShares U.S. Telecommunications ETF by 4.7% during the 1st quarter. Royal Bank of Canada now owns 165,327 shares of the exchange traded fund’s stock worth $4,527,000 after acquiring an additional 7,358 shares during the last quarter. Baker Avenue Asset Management LP bought a new stake in iShares U.S. Telecommunications ETF during the first quarter valued at about $3,347,000. Finally, Balboa Wealth Partners bought a new stake in iShares U.S. Telecommunications ETF during the second quarter valued at about $2,641,000.

iShares U.S. Telecommunications ETF Stock Performance

Shares of BATS:IYZ opened at $32.51 on Thursday. The stock’s 50-day moving average is $32.37 and its 200-day moving average is $30.32. The company has a market cap of $599.72 million, a P/E ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a 52-week low of $21.55 and a 52-week high of $30.50.

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).