Captrust Financial Advisors Lowers Stock Position in iShares U.S. Telecommunications ETF (BATS:IYZ)

Captrust Financial Advisors reduced its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,426 shares of the exchange traded fund’s stock after selling 493 shares during the period. Captrust Financial Advisors owned about 0.88% of iShares U.S. Telecommunications ETF worth $2,372,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in iShares U.S. Telecommunications ETF by 4,865.3% in the 4th quarter. BNP Paribas Financial Markets now owns 120,558 shares of the exchange traded fund’s stock worth $3,235,000 after acquiring an additional 118,130 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares U.S. Telecommunications ETF by 461.6% in the fourth quarter. Ameriprise Financial Inc. now owns 89,427 shares of the exchange traded fund’s stock worth $2,399,000 after purchasing an additional 73,503 shares during the last quarter. Jane Street Group LLC purchased a new position in iShares U.S. Telecommunications ETF during the 4th quarter valued at about $276,000. Second Half Financial Partners LLC bought a new position in iShares U.S. Telecommunications ETF during the 4th quarter valued at approximately $203,000. Finally, Capital Analysts LLC bought a new stake in shares of iShares U.S. Telecommunications ETF in the 4th quarter worth approximately $86,000.

iShares U.S. Telecommunications ETF Stock Performance

IYZ opened at $27.49 on Monday. The stock has a market capitalization of $371.05 million, a PE ratio of 13.95 and a beta of 0.89. The stock’s 50 day moving average price is $26.67 and its 200-day moving average price is $27.12. iShares U.S. Telecommunications ETF has a 52-week low of $20.72 and a 52-week high of $28.80.

About iShares U.S. Telecommunications ETF

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).