Orion Portfolio Solutions LLC Reduces Stock Position in iShares U.S. Telecommunications ETF (BATS:IYZ)

Orion Portfolio Solutions LLC reduced its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 376,467 shares of the exchange traded fund’s stock after selling 12,711 shares during the period. Orion Portfolio Solutions LLC’s holdings in iShares U.S. Telecommunications ETF were worth $10,101,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC boosted its stake in iShares U.S. Telecommunications ETF by 4.1% during the 4th quarter. Sanctuary Advisors LLC now owns 57,490 shares of the exchange traded fund’s stock valued at $1,574,000 after acquiring an additional 2,276 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of iShares U.S. Telecommunications ETF during the fourth quarter worth about $16,984,000. Fisher Asset Management LLC lifted its position in shares of iShares U.S. Telecommunications ETF by 1.7% during the third quarter. Fisher Asset Management LLC now owns 22,082 shares of the exchange traded fund’s stock worth $558,000 after purchasing an additional 365 shares during the last quarter. Atria Investments Inc acquired a new position in iShares U.S. Telecommunications ETF in the fourth quarter worth about $415,000. Finally, HighTower Advisors LLC bought a new stake in iShares U.S. Telecommunications ETF in the third quarter valued at about $2,759,000.

iShares U.S. Telecommunications ETF Stock Up 2.1 %

BATS:IYZ opened at $27.33 on Friday. The company has a market cap of $431.74 million, a PE ratio of 14.77 and a beta of 0.89. The business’s 50 day moving average is $27.78 and its two-hundred day moving average is $26.88. iShares U.S. Telecommunications ETF has a 52 week low of $20.31 and a 52 week high of $28.80.

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).