Harbour Investments Inc. Buys New Shares in iShares U.S. Telecommunications ETF (BATS:IYZ)

Harbour Investments Inc. purchased a new position in iShares U.S. Telecommunications ETF (BATS:IYZ) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 34,535 shares of the exchange traded fund’s stock, valued at approximately $927,000.

Other institutional investors also recently modified their holdings of the company. Citigroup Inc. boosted its stake in shares of iShares U.S. Telecommunications ETF by 1,907.8% during the 3rd quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock worth $29,571,000 after acquiring an additional 1,112,371 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of iShares U.S. Telecommunications ETF in the 4th quarter valued at $16,984,000. Independent Advisor Alliance purchased a new position in iShares U.S. Telecommunications ETF in the 4th quarter worth about $14,509,000. Apollon Wealth Management LLC acquired a new stake in iShares U.S. Telecommunications ETF during the 4th quarter worth about $12,947,000. Finally, Norden Group LLC purchased a new stake in iShares U.S. Telecommunications ETF during the fourth quarter valued at about $9,555,000.

iShares U.S. Telecommunications ETF Price Performance

Shares of IYZ opened at $27.20 on Thursday. iShares U.S. Telecommunications ETF has a one year low of $20.31 and a one year high of $28.80. The company has a 50-day moving average of $27.69 and a two-hundred day moving average of $26.71. The stock has a market cap of $569.88 million, a price-to-earnings ratio of 15.05 and a beta of 0.89.

iShares U.S. Telecommunications ETF 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).