iShares U.S. Telecommunications ETF (BATS:IYZ) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 12.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,030 shares of the exchange traded fund’s stock after selling 10,960 shares during the period. JPMorgan Chase & Co. owned 0.74% of iShares U.S. Telecommunications ETF worth $1,870,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Citigroup Inc. boosted its stake in shares of iShares U.S. Telecommunications ETF by 1,907.8% during 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 during the last quarter. Strengthening Families & Communities LLC boosted its stake in iShares U.S. Telecommunications ETF by 5.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 283,668 shares of the exchange traded fund’s stock worth $7,165,000 after buying an additional 14,507 shares during the last quarter. Millennium Management LLC acquired a new stake in iShares U.S. Telecommunications ETF in the 2nd quarter worth about $5,430,000. Penserra Capital Management LLC acquired a new stake in iShares U.S. Telecommunications ETF in the 3rd quarter worth about $4,513,000. Finally, Pinnacle Family Advisors LLC acquired a new stake in iShares U.S. Telecommunications ETF in the 3rd quarter worth about $3,481,000.

iShares U.S. Telecommunications ETF Trading Up 4.4 %

Shares of BATS:IYZ opened at $27.92 on Thursday. The stock’s 50-day moving average price is $27.29 and its two-hundred day moving average price is $25.23. iShares U.S. Telecommunications ETF has a 12-month low of $26.56 and a 12-month high of $34.77. The firm has a market cap of $280.55 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).