Strengthening Families & Communities LLC Raises Stake in iShares U.S. Telecommunications ETF $IYZ

Strengthening Families & Communities LLC boosted its position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 20,780.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 260,585 shares of the exchange traded fund’s stock after buying an additional 259,337 shares during the period. iShares U.S. Telecommunications ETF comprises about 1.9% of Strengthening Families & Communities LLC’s investment portfolio, making the stock its 11th largest holding. Strengthening Families & Communities LLC’s holdings in iShares U.S. Telecommunications ETF were worth $8,356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in iShares U.S. Telecommunications ETF by 4.7% in the first quarter. Royal Bank of Canada now owns 165,327 shares of the exchange traded fund’s stock valued at $4,527,000 after acquiring an additional 7,358 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of iShares U.S. Telecommunications ETF by 393.2% during the first quarter. Goldman Sachs Group Inc. now owns 268,212 shares of the exchange traded fund’s stock worth $7,346,000 after purchasing an additional 213,827 shares during the period. Jane Street Group LLC lifted its stake in iShares U.S. Telecommunications ETF by 126.6% during the 1st quarter. Jane Street Group LLC now owns 23,312 shares of the exchange traded fund’s stock valued at $639,000 after acquiring an additional 13,023 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of iShares U.S. Telecommunications ETF by 200.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,800 shares of the exchange traded fund’s stock valued at $143,000 after buying an additional 3,200 shares during the period. Finally, WESPAC Advisors LLC boosted its position in iShares U.S. Telecommunications ETF by 94.7% in the 2nd quarter. WESPAC Advisors LLC now owns 72,515 shares of the exchange traded fund’s stock worth $2,159,000 after purchasing an additional 35,277 shares in the last quarter.

iShares U.S. Telecommunications ETF Stock Up 35.3%

Shares of iShares U.S. Telecommunications ETF stock opened at $36.19 on Tuesday. The firm has a market cap of $667.74 million, a PE ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a twelve month low of $21.55 and a twelve month high of $30.50. The business has a 50-day moving average price of $33.71 and a 200 day moving average price of $32.37.

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). The Index measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications.