Clear Creek Financial Management LLC Buys Shares of 59,506 iShares U.S. Telecommunications ETF (BATS:IYZ)

Clear Creek Financial Management LLC bought a new stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 59,506 shares of the exchange traded fund’s stock, valued at approximately $1,597,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Iams Wealth Management LLC bought a new position in iShares U.S. Telecommunications ETF in the 4th quarter valued at $235,000. CX Institutional purchased a new stake in shares of iShares U.S. Telecommunications ETF during the fourth quarter valued at $215,000. Yeomans Consulting Group Inc. bought a new position in shares of iShares U.S. Telecommunications ETF in the fourth quarter worth about $817,000. Sharp Financial Services LLC purchased a new position in iShares U.S. Telecommunications ETF in the 4th quarter worth about $5,200,000. Finally, Alpha Cubed Investments LLC bought a new stake in iShares U.S. Telecommunications ETF during the 4th quarter valued at about $498,000.

iShares U.S. Telecommunications ETF Price Performance

iShares U.S. Telecommunications ETF stock opened at $27.46 on Friday. The stock has a market cap of $275.92 million, a price-to-earnings ratio of 13.32 and a beta of 0.86. The firm has a 50-day moving average of $27.37 and a two-hundred day moving average of $25.48. iShares U.S. Telecommunications ETF has a 1 year low of $26.56 and a 1 year high of $34.77.

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).