Retirement Planning Group LLC Acquires New Holdings in iShares U.S. Telecommunications ETF $IYZ

Retirement Planning Group LLC bought a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,458 shares of the exchange traded fund’s stock, valued at approximately $1,007,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IYZ. Comprehensive Financial Planning Inc. PA purchased a new position in shares of iShares U.S. Telecommunications ETF in the second quarter valued at $28,000. TD Waterhouse Canada Inc. bought a new stake in iShares U.S. Telecommunications ETF in the second quarter worth $28,000. Western Wealth Management LLC bought a new stake in iShares U.S. Telecommunications ETF in the first quarter worth $34,000. MWA Asset Management bought a new stake in iShares U.S. Telecommunications ETF in the first quarter worth $81,000. Finally, Community Bank & Trust Waco Texas purchased a new stake in iShares U.S. Telecommunications ETF during the second quarter valued at $89,000.

iShares U.S. Telecommunications ETF Stock Up 0.3%

iShares U.S. Telecommunications ETF stock opened at $39.29 on Wednesday. iShares U.S. Telecommunications ETF has a 52-week low of $31.06 and a 52-week high of $46.07. The firm’s fifty day moving average is $42.33 and its 200 day moving average is $42.20. The company has a market cap of $724.90 million, a price-to-earnings ratio of 14.09 and a beta of 0.90.

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.