Envestnet Asset Management Inc. Has $2.38 Million Stock Position in iShares U.S. Telecommunications ETF $IYZ

Envestnet Asset Management Inc. increased its holdings in iShares U.S. Telecommunications ETF (BATS:IYZ) by 207.3% during the third quarter, HoldingsChannel reports. The fund owned 73,764 shares of the exchange traded fund’s stock after acquiring an additional 49,758 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares U.S. Telecommunications ETF were worth $2,380,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of iShares U.S. Telecommunications ETF by 4.7% in the first quarter. Royal Bank of Canada now owns 165,327 shares of the exchange traded fund’s stock worth $4,527,000 after purchasing an additional 7,358 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in iShares U.S. Telecommunications ETF by 393.2% during the first quarter. Goldman Sachs Group Inc. now owns 268,212 shares of the exchange traded fund’s stock worth $7,346,000 after buying an additional 213,827 shares in the last quarter. Jane Street Group LLC raised its position in iShares U.S. Telecommunications ETF by 126.6% in the 1st quarter. Jane Street Group LLC now owns 23,312 shares of the exchange traded fund’s stock valued at $639,000 after buying an additional 13,023 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in iShares U.S. Telecommunications ETF during the 2nd quarter valued at $32,000. Finally, Kesler Norman & Wride LLC boosted its holdings in iShares U.S. Telecommunications ETF by 114.6% during the 2nd quarter. Kesler Norman & Wride LLC now owns 32,775 shares of the exchange traded fund’s stock worth $976,000 after acquiring an additional 17,503 shares during the last quarter.

iShares U.S. Telecommunications ETF Price Performance

Shares of IYZ stock opened at $38.96 on Friday. The firm has a 50-day moving average of $35.69 and a 200-day moving average of $33.39. iShares U.S. Telecommunications ETF has a one year low of $23.95 and a one year high of $39.77. The company has a market cap of $718.81 million, a P/E ratio of 14.09 and a beta of 0.90.

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.