Leo Wealth LLC Takes $963,000 Position in iShares U.S. Telecommunications ETF $IYZ

Leo Wealth LLC purchased a new stake in iShares U.S. Telecommunications ETF (BATS:IYZ) during the fourth quarter, Holdings Channel.com reports. The firm purchased 28,418 shares of the exchange traded fund’s stock, valued at approximately $963,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Citigroup Inc. increased its holdings in shares of iShares U.S. Telecommunications ETF by 140.2% in the 3rd quarter. Citigroup Inc. now owns 2,085,584 shares of the exchange traded fund’s stock valued at $67,281,000 after acquiring an additional 1,217,487 shares during the period. Bank of America Corp DE boosted its position in shares of iShares U.S. Telecommunications ETF by 12.7% in the 3rd quarter. Bank of America Corp DE now owns 1,617,687 shares of the exchange traded fund’s stock worth $52,187,000 after purchasing an additional 181,929 shares in the last quarter. Pinkerton Wealth LLC boosted its position in shares of iShares U.S. Telecommunications ETF by 3.9% in the 3rd quarter. Pinkerton Wealth LLC now owns 1,199,198 shares of the exchange traded fund’s stock worth $38,686,000 after purchasing an additional 45,196 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of iShares U.S. Telecommunications ETF by 50.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 851,301 shares of the exchange traded fund’s stock worth $27,463,000 after purchasing an additional 283,692 shares in the last quarter. Finally, Sherman Porfolios LLC boosted its position in shares of iShares U.S. Telecommunications ETF by 2.0% in the 3rd quarter. Sherman Porfolios LLC now owns 817,539 shares of the exchange traded fund’s stock worth $26,374,000 after purchasing an additional 15,728 shares in the last quarter.

iShares U.S. Telecommunications ETF Price Performance

iShares U.S. Telecommunications ETF stock opened at $40.46 on Tuesday. The stock has a market capitalization of $746.49 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a 1-year low of $23.95 and a 1-year high of $41.03. The business has a fifty day moving average price of $38.79 and a 200-day moving average price of $35.00.

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.