UBS Group AG Purchases 79,153 Shares of iShares U.S. Telecommunications ETF $IYZ

UBS Group AG lifted its position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 54.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 224,982 shares of the exchange traded fund’s stock after purchasing an additional 79,153 shares during the period. UBS Group AG’s holdings in iShares U.S. Telecommunications ETF were worth $7,627,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. WFA of San Diego LLC bought a new stake in iShares U.S. Telecommunications ETF in the 2nd quarter valued at $25,000. Assetmark Inc. increased its position in iShares U.S. Telecommunications ETF by 751.9% during the 3rd quarter. Assetmark Inc. now owns 886 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 782 shares during the period. Miller Global Investments LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the fourth quarter worth $60,000. CWM LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF by 28.2% during the fourth quarter. CWM LLC now owns 2,658 shares of the exchange traded fund’s stock worth $90,000 after buying an additional 584 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of iShares U.S. Telecommunications ETF by 52.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,800 shares of the exchange traded fund’s stock valued at $163,000 after acquiring an additional 1,650 shares during the period.

iShares U.S. Telecommunications ETF Stock Performance

IYZ stock opened at $42.96 on Tuesday. The company’s 50-day simple moving average is $40.92 and its 200 day simple moving average is $36.87. iShares U.S. Telecommunications ETF has a 52 week low of $27.74 and a 52 week high of $43.71. The company has a market capitalization of $792.61 million, a PE ratio of 14.09 and a beta of 0.90.

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.