Citigroup Inc. Boosts Stock Position in iShares U.S. Telecommunications ETF (BATS:IYZ)

Citigroup Inc. boosted its position in iShares U.S. Telecommunications ETF (BATS:IYZ) by 1,907.8% in the third quarter, HoldingsChannel.com reports. The firm owned 1,170,676 shares of the exchange traded fund’s stock after acquiring an additional 1,112,371 shares during the period. Citigroup Inc. owned 0.12% of iShares U.S. Telecommunications ETF worth $29,571,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CHICAGO TRUST Co NA purchased a new position in shares of iShares U.S. Telecommunications ETF in the 3rd quarter worth approximately $219,000. Dynamic Advisor Solutions LLC increased its position in shares of iShares U.S. Telecommunications ETF by 15.4% during the second quarter. Dynamic Advisor Solutions LLC now owns 15,995 shares of the exchange traded fund’s stock worth $347,000 after purchasing an additional 2,140 shares in the last quarter. Williams & Novak LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF by 16.4% during the 2nd quarter. Williams & Novak LLC now owns 15,995 shares of the exchange traded fund’s stock valued at $347,000 after purchasing an additional 2,255 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the 1st quarter worth $351,000. Finally, Blair William & Co. IL grew its stake in iShares U.S. Telecommunications ETF by 35.0% during the 2nd quarter. Blair William & Co. IL now owns 16,207 shares of the exchange traded fund’s stock worth $352,000 after buying an additional 4,200 shares during the last quarter.

iShares U.S. Telecommunications ETF Stock Performance

Shares of IYZ stock opened at $27.63 on Tuesday. The firm has a market capitalization of $277.68 million, a price-to-earnings ratio of 13.32 and a beta of 0.86. The stock’s 50-day simple moving average is $25.90 and its 200-day simple moving average is $23.46. iShares U.S. Telecommunications ETF has a fifty-two week low of $26.56 and a fifty-two week high of $34.77.

iShares U.S. Telecommunications ETF 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).