iShares U.S. Telecommunications ETF (BATS:IYZ) Stock Position Trimmed by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. decreased its position in iShares U.S. Telecommunications ETF (BATS:IYZ) by 37.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,688 shares of the exchange traded fund’s stock after selling 1,611 shares during the period. SRS Capital Advisors Inc.’s holdings in iShares U.S. Telecommunications ETF were worth $61,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Chevy Chase Trust Holdings LLC bought a new position in iShares U.S. Telecommunications ETF in the 4th quarter worth approximately $209,000. Axxcess Wealth Management LLC bought a new position in shares of iShares U.S. Telecommunications ETF in the third quarter worth $247,000. Blair William & Co. IL increased its holdings in shares of iShares U.S. Telecommunications ETF by 9.1% during the third quarter. Blair William & Co. IL now owns 12,932 shares of the exchange traded fund’s stock valued at $275,000 after purchasing an additional 1,078 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in shares of iShares U.S. Telecommunications ETF during the fourth quarter valued at about $288,000. Finally, Williams & Novak LLC bought a new stake in shares of iShares U.S. Telecommunications ETF during the fourth quarter valued at about $313,000.

iShares U.S. Telecommunications ETF Stock Up 0.7 %

Shares of IYZ opened at $20.89 on Friday. The firm has a market capitalization of $227.70 million, a PE ratio of 12.97 and a beta of 0.93. The firm has a 50-day moving average price of $21.42 and a 200 day moving average price of $21.85. iShares U.S. Telecommunications ETF has a 52-week low of $26.56 and a 52-week high of $34.77.

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).