Moloney Securities Asset Management LLC Makes New Investment in iShares U.S. Telecommunications ETF $IYZ

Moloney Securities Asset Management LLC bought a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 287,914 shares of the exchange traded fund’s stock, valued at approximately $9,288,000. iShares U.S. Telecommunications ETF makes up about 1.1% of Moloney Securities Asset Management LLC’s investment portfolio, making the stock its 16th largest position. Moloney Securities Asset Management LLC owned approximately 1.56% of iShares U.S. Telecommunications ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. WFA of San Diego LLC purchased a new position in shares of iShares U.S. Telecommunications ETF in the 2nd quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in iShares U.S. Telecommunications ETF during the second quarter worth about $32,000. Steward Partners Investment Advisory LLC increased its holdings in iShares U.S. Telecommunications ETF by 202.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 4,229 shares of the exchange traded fund’s stock valued at $126,000 after buying an additional 2,830 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in iShares U.S. Telecommunications ETF by 200.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,800 shares of the exchange traded fund’s stock valued at $143,000 after buying an additional 3,200 shares in the last quarter. Finally, AlphaCore Capital LLC lifted its position in shares of iShares U.S. Telecommunications ETF by 14,792.5% during the 2nd quarter. AlphaCore Capital LLC now owns 5,957 shares of the exchange traded fund’s stock valued at $177,000 after acquiring an additional 5,917 shares during the period.

iShares U.S. Telecommunications ETF Price Performance

Shares of BATS:IYZ opened at $37.95 on Friday. The firm has a market capitalization of $700.09 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. The business’s 50 day simple moving average is $34.09 and its 200-day simple moving average is $32.54. iShares U.S. Telecommunications ETF has a 12 month low of $21.55 and a 12 month high of $30.50.

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). 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.