iShares U.S. Telecommunications ETF $IYZ Stock Sold by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC lessened its position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Free Report) by 30.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,555 shares of the exchange traded fund’s stock after selling 47,188 shares during the quarter. iShares U.S. Telecommunications ETF makes up 1.0% of Cadent Capital Advisors LLC’s holdings, making the stock its 28th biggest position. Cadent Capital Advisors LLC owned about 0.58% of iShares U.S. Telecommunications ETF worth $4,388,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IYZ. Comprehensive Financial Planning Inc. PA purchased a new position in shares of iShares U.S. Telecommunications ETF in the 2nd quarter valued at about $28,000. TD Waterhouse Canada Inc. acquired a new position in shares of iShares U.S. Telecommunications ETF during the 2nd quarter worth approximately $28,000. Western Wealth Management LLC purchased a new position in shares of iShares U.S. Telecommunications ETF during the 1st quarter valued at approximately $34,000. Reflection Asset Management purchased a new position in shares of iShares U.S. Telecommunications ETF during the 4th quarter valued at approximately $64,000. Finally, MWA Asset Management acquired a new stake in iShares U.S. Telecommunications ETF in the 1st quarter valued at $81,000.

iShares U.S. Telecommunications ETF Stock Down 1.1%

Shares of BATS IYZ traded down $0.47 during trading on Friday, hitting $42.52. The company had a trading volume of 446,202 shares, compared to its average volume of 1,406,506. The firm has a market capitalization of $784.48 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. The stock has a fifty day simple moving average of $42.72 and a two-hundred day simple moving average of $42.16. iShares U.S. Telecommunications ETF has a fifty-two week low of $31.06 and a fifty-two week high of $46.07.

iShares U.S. Telecommunications ETF Company Profile

(Free Report)

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). The Index measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications.

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