Cadent Capital Advisors LLC Sells 47,188 Shares of iShares U.S. Telecommunications ETF $IYZ

Cadent Capital Advisors LLC trimmed its holdings in iShares U.S. Telecommunications ETF (BATS:IYZ) by 30.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,555 shares of the exchange traded fund’s stock after selling 47,188 shares during the period. iShares U.S. Telecommunications ETF accounts for about 1.0% of Cadent Capital Advisors LLC’s holdings, making the stock its 28th biggest holding. Cadent Capital Advisors LLC’s holdings in iShares U.S. Telecommunications ETF were worth $4,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Concurrent Investment Advisors LLC boosted its holdings in shares of iShares U.S. Telecommunications ETF by 96.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 106,387 shares of the exchange traded fund’s stock worth $4,501,000 after purchasing an additional 52,339 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in iShares U.S. Telecommunications ETF by 133.0% during the second quarter. Envestnet Asset Management Inc. now owns 42,458 shares of the exchange traded fund’s stock worth $1,796,000 after buying an additional 24,232 shares in the last quarter. WealthCare Asset Management LLC acquired a new position in iShares U.S. Telecommunications ETF during the fourth quarter worth $7,871,000. Lee Johnson Capital Management LLC purchased a new stake in iShares U.S. Telecommunications ETF in the 1st quarter valued at $1,650,000. Finally, Advisortrust Partners LLC purchased a new stake in iShares U.S. Telecommunications ETF in the 1st quarter valued at $12,322,000.

iShares U.S. Telecommunications ETF Stock Down 1.1%

Shares of IYZ traded down $0.47 during midday trading on Friday, reaching $42.52. The company had a trading volume of 446,202 shares, compared to its average volume of 1,406,506. iShares U.S. Telecommunications ETF has a 1-year low of $31.06 and a 1-year high of $46.07. The firm has a 50 day simple moving average of $42.72 and a 200-day simple moving average of $42.16. The stock has a market cap of $784.48 million, a PE ratio of 14.09 and a beta of 0.90.

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). The Index measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications.