Advisortrust Partners LLC Makes New Investment in iShares U.S. Telecommunications ETF $IYZ

Advisortrust Partners LLC purchased a new position in iShares U.S. Telecommunications ETF (BATS:IYZ) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 313,377 shares of the exchange traded fund’s stock, valued at approximately $12,322,000. iShares U.S. Telecommunications ETF comprises 5.1% of Advisortrust Partners LLC’s holdings, making the stock its 3rd biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Camarda Financial Advisors LLC acquired a new position in iShares U.S. Telecommunications ETF during the second quarter valued at $13,789,000. BNP Paribas Financial Markets increased its holdings 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 valued at $27,463,000 after purchasing an additional 283,692 shares during the period. WealthCare Asset Management LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF in the fourth quarter worth approximately $7,871,000. Goldman Sachs Group Inc. grew its holdings in shares of iShares U.S. Telecommunications ETF by 393.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 268,212 shares of the exchange traded fund’s stock valued at $7,346,000 after acquiring an additional 213,827 shares in the last quarter. Finally, Bank of America Corp DE grew its stake 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 valued at $52,187,000 after buying an additional 181,929 shares in the last quarter.

iShares U.S. Telecommunications ETF Stock Performance

Shares of BATS IYZ opened at $40.11 on Friday. iShares U.S. Telecommunications ETF has a 52 week low of $29.15 and a 52 week high of $46.07. The business’s 50-day simple moving average is $42.53 and its 200-day simple moving average is $39.85. The firm has a market cap of $740.03 million, a price-to-earnings 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.