Three Seasons Wealth LLC Decreases Holdings in iShares U.S. Telecommunications ETF $IYZ

Three Seasons Wealth LLC trimmed its position in iShares U.S. Telecommunications ETF (BATS:IYZ) by 56.4% during the first quarter, HoldingsChannel.com reports. The fund owned 127,642 shares of the exchange traded fund’s stock after selling 164,940 shares during the quarter. iShares U.S. Telecommunications ETF makes up 1.9% of Three Seasons Wealth LLC’s portfolio, making the stock its 10th biggest position. Three Seasons Wealth LLC’s holdings in iShares U.S. Telecommunications ETF were worth $5,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. IMC Chicago LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the 1st quarter valued at $870,000. Retirement Planning Group LLC raised its holdings in shares of iShares U.S. Telecommunications ETF by 8.1% during the 1st quarter. Retirement Planning Group LLC now owns 22,849 shares of the exchange traded fund’s stock worth $898,000 after buying an additional 1,706 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of iShares U.S. Telecommunications ETF during the 1st quarter worth $628,000. WealthCare Asset Management LLC lifted its position in shares of iShares U.S. Telecommunications ETF by 1.1% during the 1st quarter. WealthCare Asset Management LLC now owns 244,862 shares of the exchange traded fund’s stock worth $9,628,000 after buying an additional 2,732 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in iShares U.S. Telecommunications ETF in the first quarter valued at about $97,000.

iShares U.S. Telecommunications ETF Stock Down 2.4%

iShares U.S. Telecommunications ETF stock opened at $40.55 on Thursday. iShares U.S. Telecommunications ETF has a 12-month low of $29.15 and a 12-month high of $46.07. The business’s 50-day moving average price is $42.58 and its two-hundred day moving average price is $39.81. The stock has a market cap of $748.15 million, a PE ratio of 14.09 and a beta of 0.90.

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). 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.