First Heartland Consultants Inc. Takes Position in iShares U.S. Telecommunications ETF (BATS:IYZ)

First Heartland Consultants Inc. purchased a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 30,100 shares of the exchange traded fund’s stock, valued at approximately $808,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Koshinski Asset Management Inc. purchased a new position in iShares U.S. Telecommunications ETF during the fourth quarter worth $711,000. Alpha Cubed Investments LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF in the fourth quarter valued at $498,000. Sharp Financial Services LLC bought a new stake in shares of iShares U.S. Telecommunications ETF in the 4th quarter worth about $5,200,000. Yeomans Consulting Group Inc. purchased a new position in shares of iShares U.S. Telecommunications ETF during the 4th quarter worth about $817,000. Finally, CX Institutional purchased a new position in shares of iShares U.S. Telecommunications ETF during the 4th quarter worth about $215,000.

iShares U.S. Telecommunications ETF Price Performance

iShares U.S. Telecommunications ETF stock opened at $28.26 on Thursday. The firm has a market capitalization of $381.44 million, a P/E ratio of 13.95 and a beta of 0.89. iShares U.S. Telecommunications ETF has a 1-year low of $20.72 and a 1-year high of $28.80. The company’s 50-day moving average is $26.82 and its 200 day moving average is $27.26.

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).