Ifrah Financial Services Inc. bought a new position in iShares US Telecommunications ETF (BATS:IYZ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,421 shares of the exchange traded fund’s stock, valued at approximately $221,000.
A number of other institutional investors have also recently made changes to their positions in the business. Private Advisor Group LLC purchased a new stake in shares of iShares US Telecommunications ETF during the second quarter worth about $206,000. IFP Advisors Inc grew its stake in shares of iShares US Telecommunications ETF by 599.1% during the third quarter. IFP Advisors Inc now owns 9,438 shares of the exchange traded fund’s stock worth $281,000 after acquiring an additional 8,088 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of iShares US Telecommunications ETF during the first quarter worth about $301,000. First Allied Advisory Services Inc. grew its stake in shares of iShares US Telecommunications ETF by 28.8% during the second quarter. First Allied Advisory Services Inc. now owns 17,334 shares of the exchange traded fund’s stock worth $482,000 after acquiring an additional 3,875 shares during the last quarter. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of iShares US Telecommunications ETF during the second quarter worth about $549,000.
Shares of IYZ stock opened at $29.28 on Thursday. iShares US Telecommunications ETF has a fifty-two week low of $26.56 and a fifty-two week high of $34.77.
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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).
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