PNC Financial Services Group Inc. Sells 1,625 Shares of iShares U.S. Telecommunications ETF (BATS:IYZ)

PNC Financial Services Group Inc. cut its position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 42.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,222 shares of the exchange traded fund’s stock after selling 1,625 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares U.S. Telecommunications ETF were worth $60,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the 4th quarter worth approximately $234,000. Raymond James Financial Inc. bought a new position in iShares U.S. Telecommunications ETF in the fourth quarter worth $16,984,000. Proficio Capital Partners LLC acquired a new stake in iShares U.S. Telecommunications ETF during the fourth quarter worth $1,573,000. Atria Investments Inc bought a new stake in iShares U.S. Telecommunications ETF in the 4th quarter valued at $415,000. Finally, Jones Financial Companies Lllp raised its stake in shares of iShares U.S. Telecommunications ETF by 50.0% in the 4th quarter. Jones Financial Companies Lllp now owns 9,981 shares of the exchange traded fund’s stock valued at $268,000 after buying an additional 3,326 shares in the last quarter.

iShares U.S. Telecommunications ETF Stock Performance

BATS:IYZ opened at $27.69 on Thursday. The company has a 50-day moving average of $27.77 and a 200-day moving average of $26.85. iShares U.S. Telecommunications ETF has a 52 week low of $20.31 and a 52 week high of $28.80. The company has a market capitalization of $437.53 million, a price-to-earnings ratio of 14.77 and a beta of 0.89.

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).