Tocqueville Asset Management L.P. Takes $1.40 Million Position in iShares U.S. Telecommunications ETF (BATS:IYZ)

Tocqueville Asset Management L.P. acquired a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 52,019 shares of the exchange traded fund’s stock, valued at approximately $1,396,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC lifted its stake in iShares U.S. Telecommunications ETF by 1.7% in the third quarter. Fisher Asset Management LLC now owns 22,082 shares of the exchange traded fund’s stock valued at $558,000 after acquiring an additional 365 shares during the last quarter. National Bank of Canada FI grew its holdings in iShares U.S. Telecommunications ETF by 0.9% during the third quarter. National Bank of Canada FI now owns 88,603 shares of the exchange traded fund’s stock worth $2,238,000 after purchasing an additional 789 shares during the period. Global Retirement Partners LLC raised its stake in iShares U.S. Telecommunications ETF by 301.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,199 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 900 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of iShares U.S. Telecommunications ETF in the third quarter valued at approximately $27,000. Finally, Destination Wealth Management boosted its stake in shares of iShares U.S. Telecommunications ETF by 1.8% during the 3rd quarter. Destination Wealth Management now owns 77,573 shares of the exchange traded fund’s stock worth $1,959,000 after acquiring an additional 1,400 shares during the period.

iShares U.S. Telecommunications ETF Trading Up 1.7 %

IYZ opened at $27.20 on Thursday. The stock’s fifty day simple moving average is $27.69 and its 200 day simple moving average is $26.71. iShares U.S. Telecommunications ETF has a 1-year low of $20.31 and a 1-year high of $28.80. The stock has a market cap of $569.88 million, a PE ratio of 15.05 and a beta of 0.89.

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).