114,560 Shares in iShares U.S. Telecommunications ETF (BATS:IYZ) Purchased by Twin Focus Capital Partners LLC

Twin Focus Capital Partners LLC acquired a new stake in iShares U.S. Telecommunications ETF (BATS:IYZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 114,560 shares of the exchange traded fund’s stock, valued at approximately $2,607,000. Twin Focus Capital Partners LLC owned about 0.69% of iShares U.S. Telecommunications ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dakota Wealth Management lifted its position in shares of iShares U.S. Telecommunications ETF by 21.8% in the fourth quarter. Dakota Wealth Management now owns 489,571 shares of the exchange traded fund’s stock valued at $11,143,000 after acquiring an additional 87,786 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of iShares U.S. Telecommunications ETF by 7.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 342,276 shares of the exchange traded fund’s stock worth $7,790,000 after purchasing an additional 24,096 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of iShares U.S. Telecommunications ETF by 50.3% during the fourth quarter. BNP Paribas Financial Markets now owns 216,935 shares of the exchange traded fund’s stock worth $4,937,000 after buying an additional 72,641 shares in the last quarter. UBS Group AG raised its position in shares of iShares U.S. Telecommunications ETF by 52.5% in the third quarter. UBS Group AG now owns 176,693 shares of the exchange traded fund’s stock valued at $3,764,000 after buying an additional 60,828 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in shares of iShares U.S. Telecommunications ETF by 73.9% during the fourth quarter. Advisory Services Network LLC now owns 127,394 shares of the exchange traded fund’s stock valued at $2,899,000 after buying an additional 54,130 shares during the period.

iShares U.S. Telecommunications ETF Price Performance

Shares of IYZ stock opened at $20.88 on Monday. The firm’s 50-day simple moving average is $21.15 and its 200-day simple moving average is $21.92. iShares U.S. Telecommunications ETF has a 1-year low of $26.56 and a 1-year high of $34.77. The firm has a market cap of $209.84 million, a P/E ratio of 13.32 and a beta of 0.86.

iShares U.S. Telecommunications ETF Company 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).