iShares U.S. Telecommunications ETF $IYZ Shares Sold by VestGen Advisors LLC

VestGen Advisors LLC lowered its stake in iShares U.S. Telecommunications ETF (BATS:IYZ) by 70.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 33,084 shares of the exchange traded fund’s stock after selling 77,306 shares during the period. VestGen Advisors LLC owned 0.18% of iShares U.S. Telecommunications ETF worth $1,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mondrian Investment Partners LTD bought a new position in shares of iShares U.S. Telecommunications ETF during the third quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in iShares U.S. Telecommunications ETF in the second quarter worth about $28,000. TD Waterhouse Canada Inc. acquired a new position in iShares U.S. Telecommunications ETF in the second quarter worth about $28,000. Western Wealth Management LLC acquired a new position in iShares U.S. Telecommunications ETF in the first quarter worth about $34,000. Finally, MWA Asset Management bought a new stake in iShares U.S. Telecommunications ETF in the first quarter valued at about $81,000.

iShares U.S. Telecommunications ETF Stock Down 3.0%

Shares of iShares U.S. Telecommunications ETF stock opened at $38.38 on Friday. The business has a 50-day moving average price of $41.62 and a 200 day moving average price of $40.90. iShares U.S. Telecommunications ETF has a fifty-two week low of $31.06 and a fifty-two week high of $46.07. The firm has a market cap of $708.11 million, a P/E ratio of 14.09 and a beta of 0.90.

About iShares U.S. Telecommunications ETF

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.