Truist Financial Corp Sells 5,171 Shares of iShares U.S. Telecommunications ETF (BATS:IYZ)

Truist Financial Corp cut its holdings in iShares U.S. Telecommunications ETF (BATS:IYZ) by 15.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,899 shares of the exchange traded fund’s stock after selling 5,171 shares during the period. Truist Financial Corp owned about 0.29% of iShares U.S. Telecommunications ETF worth $628,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Bank of Montreal Can grew its holdings in shares of iShares U.S. Telecommunications ETF by 0.5% in the second quarter. Bank of Montreal Can now owns 123,651 shares of the exchange traded fund’s stock valued at $2,918,000 after acquiring an additional 626 shares in the last quarter. National Bank of Canada FI grew its holdings in iShares U.S. Telecommunications ETF by 0.9% during the second quarter. National Bank of Canada FI now owns 87,814 shares of the exchange traded fund’s stock valued at $1,900,000 after purchasing an additional 779 shares during the period. Commonwealth Equity Services LLC grew its holdings in iShares U.S. Telecommunications ETF by 3.7% during the second quarter. Commonwealth Equity Services LLC now owns 31,563 shares of the exchange traded fund’s stock valued at $686,000 after purchasing an additional 1,114 shares during the period. Family Firm Inc. grew its holdings in iShares U.S. Telecommunications ETF by 11.5% during the second quarter. Family Firm Inc. now owns 18,933 shares of the exchange traded fund’s stock valued at $411,000 after purchasing an additional 1,955 shares during the period. Finally, Destination Wealth Management grew its holdings in iShares U.S. Telecommunications ETF by 2.7% during the second quarter. Destination Wealth Management now owns 76,173 shares of the exchange traded fund’s stock valued at $1,654,000 after purchasing an additional 2,009 shares during the period.

iShares U.S. Telecommunications ETF Trading Down 0.0 %

Shares of BATS IYZ opened at $25.77 on Wednesday. The stock has a fifty day simple moving average of $24.04 and a two-hundred day simple moving average of $22.38. 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 $258.99 million, a price-to-earnings ratio of 13.32 and a beta of 0.86.

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).