Sanctuary Advisors LLC Acquires New Stake in iShares U.S. Telecommunications ETF (BATS:IYZ)

Sanctuary Advisors LLC purchased a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 53,134 shares of the exchange traded fund’s stock, valued at approximately $1,099,000. Sanctuary Advisors LLC owned about 0.53% of iShares U.S. Telecommunications ETF as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IYZ. B. Riley Wealth Advisors Inc. lifted its stake in iShares U.S. Telecommunications ETF by 21.3% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 13,035 shares of the exchange traded fund’s stock worth $297,000 after purchasing an additional 2,286 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in 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 worth $347,000 after purchasing an additional 2,140 shares during the last quarter. Williams & Novak LLC lifted its stake in 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 worth $347,000 after purchasing an additional 2,255 shares during the last quarter. Cetera Advisors LLC bought a new stake in iShares U.S. Telecommunications ETF during the first quarter worth about $351,000. Finally, Blair William & Co. IL lifted its stake in iShares U.S. Telecommunications ETF by 35.0% during the second quarter. Blair William & Co. IL now owns 16,207 shares of the exchange traded fund’s stock worth $352,000 after purchasing an additional 4,200 shares during the last quarter.

iShares U.S. Telecommunications ETF Stock Up 0.6 %

Shares of IYZ stock opened at $25.69 on Friday. The business has a 50-day moving average price of $23.88 and a two-hundred day moving average price of $22.32. iShares U.S. Telecommunications ETF has a 12-month low of $26.56 and a 12-month high of $34.77. The firm has a market cap of $258.18 million, a P/E ratio of 13.32 and a beta of 0.86.

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).