iShares U.S. Telecommunications ETF (BATS:IYZ) Shares Bought by LPL Financial LLC

LPL Financial LLC boosted its stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 675.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 441,129 shares of the exchange traded fund’s stock after buying an additional 384,267 shares during the quarter. LPL Financial LLC owned 4.39% of iShares U.S. Telecommunications ETF worth $11,836,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in iShares U.S. Telecommunications ETF in the 3rd quarter valued at approximately $2,759,000. Pinnacle Family Advisors LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF in the 3rd quarter valued at $3,481,000. National Bank of Canada FI lifted its stake in iShares U.S. Telecommunications ETF by 0.9% during the 3rd quarter. National Bank of Canada FI now owns 88,603 shares of the exchange traded fund’s stock worth $2,238,000 after acquiring an additional 789 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in iShares U.S. Telecommunications ETF by 3.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 55,214 shares of the exchange traded fund’s stock worth $1,526,000 after acquiring an additional 2,080 shares in the last quarter. Finally, Destination Wealth Management boosted its holdings in iShares U.S. Telecommunications ETF by 1.8% during the 3rd quarter. Destination Wealth Management now owns 77,573 shares of the exchange traded fund’s stock valued at $1,959,000 after acquiring an additional 1,400 shares during the period.

iShares U.S. Telecommunications ETF Price Performance

Shares of BATS:IYZ opened at $27.65 on Thursday. The firm’s 50-day moving average is $27.77 and its two-hundred day moving average is $26.98. iShares U.S. Telecommunications ETF has a 1 year low of $20.31 and a 1 year high of $28.80. The firm has a market capitalization of $436.79 million, a PE ratio of 14.77 and a beta of 0.89.

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).