iShares U.S. Telecommunications ETF (BATS:IYZ) Position Reduced by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 8.1% during the fourth quarter, HoldingsChannel reports. The fund owned 142,756 shares of the exchange traded fund’s stock after selling 12,517 shares during the quarter. Great Lakes Advisors LLC’s holdings in iShares U.S. Telecommunications ETF were worth $3,830,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new position in iShares U.S. Telecommunications ETF during the 3rd quarter valued at $27,000. Global Retirement Partners LLC raised its holdings in shares of iShares U.S. Telecommunications ETF by 301.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,199 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 900 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the third quarter worth $37,000. CX Institutional acquired a new stake in shares of iShares U.S. Telecommunications ETF during the fourth quarter worth $215,000. Finally, Mezzasalma Advisors LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF during the fourth quarter worth $226,000.

iShares U.S. Telecommunications ETF Stock Performance

Shares of BATS:IYZ opened at $27.03 on Friday. The stock has a market capitalization of $566.17 million, a price-to-earnings ratio of 15.05 and a beta of 0.89. iShares U.S. Telecommunications ETF has a 1-year low of $20.31 and a 1-year high of $28.80. The company’s fifty day moving average is $27.68 and its two-hundred day moving average is $26.58.

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).