iShares U.S. Telecommunications ETF $IYZ Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its position in iShares U.S. Telecommunications ETF (BATS:IYZ) by 24.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 645,806 shares of the exchange traded fund’s stock after selling 205,495 shares during the quarter. BNP Paribas Financial Markets owned approximately 3.50% of iShares U.S. Telecommunications ETF worth $21,893,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Baker Avenue Asset Management LP grew its position in iShares U.S. Telecommunications ETF by 1.1% in the 4th quarter. Baker Avenue Asset Management LP now owns 136,737 shares of the exchange traded fund’s stock valued at $4,635,000 after acquiring an additional 1,486 shares in the last quarter. Harmony Asset Management LLC acquired a new position in iShares U.S. Telecommunications ETF in the 4th quarter valued at about $930,000. Pinkerton Wealth LLC grew its position in iShares U.S. Telecommunications ETF by 4.5% in the 4th quarter. Pinkerton Wealth LLC now owns 1,253,654 shares of the exchange traded fund’s stock valued at $42,499,000 after acquiring an additional 54,456 shares in the last quarter. RPS Advisory Solutions LLC grew its position in iShares U.S. Telecommunications ETF by 7.7% in the 4th quarter. RPS Advisory Solutions LLC now owns 263,764 shares of the exchange traded fund’s stock valued at $8,942,000 after acquiring an additional 18,787 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in iShares U.S. Telecommunications ETF by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 39,612 shares of the exchange traded fund’s stock valued at $1,343,000 after acquiring an additional 428 shares in the last quarter.

iShares U.S. Telecommunications ETF Price Performance

BATS IYZ opened at $42.58 on Friday. The stock has a 50-day moving average of $42.28 and a two-hundred day moving average of $38.01. The company has a market cap of $785.60 million, a P/E ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a 1-year low of $27.97 and a 1-year high of $46.07.

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.