iShares U.S. Telecommunications ETF (BATS:IYZ) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 96.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,428 shares of the exchange traded fund’s stock after selling 74,280 shares during the period. BNP Paribas Financial Markets’ holdings in iShares U.S. Telecommunications ETF were worth $61,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of IYZ. Citigroup Inc. boosted its holdings 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 valued at $29,571,000 after acquiring an additional 1,112,371 shares in the last quarter. Millennium Management LLC purchased a new stake in iShares U.S. Telecommunications ETF in the 2nd quarter valued at approximately $5,430,000. Penserra Capital Management LLC acquired a new position in iShares U.S. Telecommunications ETF during the 3rd quarter worth approximately $4,513,000. Retireful LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the 2nd quarter valued at approximately $1,835,000. Finally, First Heartland Consultants Inc. purchased a new stake in shares of iShares U.S. Telecommunications ETF in the second quarter valued at approximately $1,258,000.

iShares U.S. Telecommunications ETF Stock Performance

BATS:IYZ opened at $26.73 on Friday. The stock has a market capitalization of $268.64 million, a price-to-earnings ratio of 13.32 and a beta of 0.86. iShares U.S. Telecommunications ETF has a 1 year low of $26.56 and a 1 year high of $34.77. The stock has a fifty day moving average price of $26.87 and a two-hundred day moving average price of $24.24.

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).