Apollon Wealth Management LLC Buys Shares of 482,543 iShares U.S. Telecommunications ETF (BATS:IYZ)

Apollon Wealth Management LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 482,543 shares of the exchange traded fund’s stock, valued at approximately $12,947,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Citigroup Inc. grew its position in shares of iShares U.S. Telecommunications ETF by 1,907.8% in the 3rd quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock worth $29,571,000 after buying an additional 1,112,371 shares during the last quarter. Millennium Management LLC acquired a new stake in iShares U.S. Telecommunications ETF in the second quarter valued at approximately $5,430,000. Verity & Verity LLC purchased a new position in iShares U.S. Telecommunications ETF in the fourth quarter worth $5,976,000. Sharp Financial Services LLC acquired a new position in shares of iShares U.S. Telecommunications ETF during the fourth quarter worth $5,200,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF during the 3rd quarter valued at $4,513,000.

iShares U.S. Telecommunications ETF Stock Up 4.5 %

IYZ opened at $27.96 on Friday. The firm’s 50-day moving average price is $27.38 and its 200-day moving average price is $25.63. The company has a market cap of $280.95 million, a P/E ratio of 13.32 and a beta of 0.86. iShares U.S. Telecommunications ETF has a 52-week low of $26.56 and a 52-week high of $34.77.

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).