Raymond James Financial Inc. Acquires Shares of 633,009 iShares U.S. Telecommunications ETF (BATS:IYZ)

Raymond James Financial Inc. acquired a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 633,009 shares of the exchange traded fund’s stock, valued at approximately $16,984,000. Raymond James Financial Inc. owned approximately 6.30% of iShares U.S. Telecommunications ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its holdings in iShares U.S. Telecommunications ETF by 4.1% during the fourth quarter. Sanctuary Advisors LLC now owns 57,490 shares of the exchange traded fund’s stock valued at $1,574,000 after purchasing an additional 2,276 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in iShares U.S. Telecommunications ETF by 1.7% during the third quarter. Fisher Asset Management LLC now owns 22,082 shares of the exchange traded fund’s stock valued at $558,000 after purchasing an additional 365 shares in the last quarter. HighTower Advisors LLC purchased a new position in iShares U.S. Telecommunications ETF during the third quarter valued at $2,759,000. Atria Investments Inc purchased a new position in iShares U.S. Telecommunications ETF during the fourth quarter valued at $415,000. Finally, Citigroup Inc. lifted its stake in shares of iShares U.S. Telecommunications ETF by 1,907.8% in the third quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock worth $29,571,000 after buying an additional 1,112,371 shares in the last quarter.

iShares U.S. Telecommunications ETF Trading Up 2.1 %

BATS:IYZ opened at $27.33 on Tuesday. The company’s 50-day moving average price is $27.69 and its 200-day moving average price is $26.68. The company has a market cap of $572.46 million, a P/E ratio of 15.05 and a beta of 0.89. iShares U.S. Telecommunications ETF has a twelve month low of $20.31 and a twelve month high of $28.80.

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).