JNBA Financial Advisors Invests $1.41 Million in iShares U.S. Telecommunications ETF $IYZ

JNBA Financial Advisors purchased a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 33,379 shares of the exchange traded fund’s stock, valued at approximately $1,412,000. JNBA Financial Advisors owned approximately 0.18% of iShares U.S. Telecommunications ETF at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its position in iShares U.S. Telecommunications ETF by 0.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 46,603 shares of the exchange traded fund’s stock valued at $1,580,000 after purchasing an additional 415 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of iShares U.S. Telecommunications ETF by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 39,612 shares of the exchange traded fund’s stock valued at $1,343,000 after purchasing an additional 428 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in shares of iShares U.S. Telecommunications ETF by 8.4% in the 4th quarter. AlphaCore Capital LLC now owns 6,457 shares of the exchange traded fund’s stock valued at $219,000 after purchasing an additional 500 shares in the last quarter. CWM LLC increased its stake in shares of iShares U.S. Telecommunications ETF by 28.2% in the 4th quarter. CWM LLC now owns 2,658 shares of the exchange traded fund’s stock valued at $90,000 after purchasing an additional 584 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in shares of iShares U.S. Telecommunications ETF by 2.3% in the 4th quarter. Koshinski Asset Management Inc. now owns 26,577 shares of the exchange traded fund’s stock valued at $901,000 after purchasing an additional 609 shares during the last quarter.

iShares U.S. Telecommunications ETF Stock Performance

iShares U.S. Telecommunications ETF stock opened at $43.12 on Tuesday. iShares U.S. Telecommunications ETF has a 52 week low of $31.06 and a 52 week high of $46.07. The stock has a market capitalization of $795.56 million, a P/E ratio of 14.09 and a beta of 0.90. The stock has a fifty day moving average of $41.99 and a 200-day moving average of $41.53.

iShares U.S. Telecommunications ETF Company 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). 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.