Strengthening Families & Communities LLC Has $34,000 Stock Position in iShares U.S. Telecommunications ETF $IYZ

Strengthening Families & Communities LLC lowered its position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 82.8% in the second quarter, HoldingsChannel reports. The firm owned 1,248 shares of the exchange traded fund’s stock after selling 6,028 shares during the period. Strengthening Families & Communities LLC’s holdings in iShares U.S. Telecommunications ETF were worth $34,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the 1st quarter worth about $33,000. Trust Co. of Vermont acquired a new stake in shares of iShares U.S. Telecommunications ETF during the 1st quarter worth about $36,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares U.S. Telecommunications ETF during the 1st quarter worth about $44,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the 2nd quarter worth about $56,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of iShares U.S. Telecommunications ETF by 15.1% during the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 22,607 shares of the exchange traded fund’s stock worth $621,000 after purchasing an additional 2,961 shares in the last quarter.

iShares U.S. Telecommunications ETF Stock Up 20.4%

Shares of iShares U.S. Telecommunications ETF stock opened at $32.20 on Friday. The stock has a market capitalization of $594.11 million, a P/E ratio of 14.09 and a beta of 0.90. The company has a 50-day simple moving average of $31.54 and a 200 day simple moving average of $29.21. iShares U.S. Telecommunications ETF has a 12-month low of $21.55 and a 12-month high of $30.50.

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).