Raymond James & Associates Increases Position in iShares U.S. Telecommunications ETF (BATS:IYZ)

Raymond James & Associates lifted its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 69,720 shares of the exchange traded fund’s stock after acquiring an additional 4,448 shares during the quarter. Raymond James & Associates’ holdings in iShares U.S. Telecommunications ETF were worth $1,514,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Advisor Group LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF during the fourth quarter worth about $252,000. B. Riley Wealth Advisors Inc. increased its holdings in iShares U.S. Telecommunications ETF by 21.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 13,035 shares of the exchange traded fund’s stock valued at $297,000 after buying an additional 2,286 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in iShares U.S. Telecommunications ETF by 14.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 13,323 shares of the exchange traded fund’s stock valued at $303,000 after buying an additional 1,705 shares during the last quarter. Williams & Novak LLC grew its holdings in shares of iShares U.S. Telecommunications ETF by 16.4% during the second quarter. Williams & Novak LLC now owns 15,995 shares of the exchange traded fund’s stock valued at $347,000 after purchasing an additional 2,255 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of iShares U.S. Telecommunications ETF by 15.4% during the second quarter. Dynamic Advisor Solutions LLC now owns 15,995 shares of the exchange traded fund’s stock valued at $347,000 after purchasing an additional 2,140 shares during the last quarter.

iShares U.S. Telecommunications ETF Trading Up 0.2 %

BATS:IYZ opened at $23.46 on Thursday. The firm has a market capitalization of $235.77 million, a PE ratio of 13.32 and a beta of 0.86. The stock has a 50 day moving average of $22.49 and a 200-day moving average of $21.79. iShares U.S. Telecommunications ETF has a 52 week low of $26.56 and a 52 week high of $34.77.

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).