Sacks & Associates LLC Purchases New Holdings in iShares U.S. Telecommunications ETF $IYZ

Sacks & Associates LLC bought a new position in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 44,231 shares of the exchange traded fund’s stock, valued at approximately $1,821,000. iShares U.S. Telecommunications ETF makes up about 1.3% of Sacks & Associates LLC’s portfolio, making the stock its 25th biggest position. Sacks & Associates LLC owned approximately 0.24% of iShares U.S. Telecommunications ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IYZ. Comprehensive Financial Planning Inc. PA bought a new position in iShares U.S. Telecommunications ETF during the 2nd quarter valued at $28,000. TD Waterhouse Canada Inc. purchased a new stake in iShares U.S. Telecommunications ETF during the 2nd quarter worth about $28,000. Western Wealth Management LLC purchased a new position in shares of iShares U.S. Telecommunications ETF during the 1st quarter valued at $34,000. Reflection Asset Management purchased a new position in shares of iShares U.S. Telecommunications ETF during the fourth quarter worth about $64,000. Finally, MWA Asset Management bought a new position in iShares U.S. Telecommunications ETF in the first quarter valued at $81,000.

iShares U.S. Telecommunications ETF Stock Performance

IYZ stock opened at $42.67 on Friday. The company has a market capitalization of $787.26 million, a PE ratio of 14.09 and a beta of 0.90. The company’s 50 day moving average price is $42.75 and its two-hundred day moving average price is $42.16. iShares U.S. Telecommunications ETF has a one year low of $31.06 and a one year high of $46.07.

iShares U.S. Telecommunications ETF Company 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). 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.