Axxcess Wealth Management LLC Purchases 1,705 Shares of iShares U.S. Telecommunications ETF (BATS:IYZ)

Axxcess Wealth Management LLC boosted its stake in iShares U.S. Telecommunications ETF (BATS:IYZ) by 14.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,323 shares of the exchange traded fund’s stock after acquiring an additional 1,705 shares during the period. Axxcess Wealth Management LLC owned 0.08% of iShares U.S. Telecommunications ETF worth $303,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Dakota Wealth Management boosted its holdings in iShares U.S. Telecommunications ETF by 21.8% in the fourth quarter. Dakota Wealth Management now owns 489,571 shares of the exchange traded fund’s stock valued at $11,143,000 after acquiring an additional 87,786 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in iShares U.S. Telecommunications ETF by 7.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 342,276 shares of the exchange traded fund’s stock valued at $7,790,000 after buying an additional 24,096 shares during the period. Strengthening Families & Communities LLC lifted its stake in iShares U.S. Telecommunications ETF by 3.4% in the third quarter. Strengthening Families & Communities LLC now owns 216,281 shares of the exchange traded fund’s stock valued at $4,607,000 after buying an additional 7,163 shares during the period. UBS Group AG lifted its stake in iShares U.S. Telecommunications ETF by 52.5% in the third quarter. UBS Group AG now owns 176,693 shares of the exchange traded fund’s stock valued at $3,764,000 after buying an additional 60,828 shares during the period. Finally, Raymond James & Associates lifted its stake in iShares U.S. Telecommunications ETF by 91.9% in the fourth quarter. Raymond James & Associates now owns 126,932 shares of the exchange traded fund’s stock valued at $2,889,000 after buying an additional 60,790 shares during the period.

iShares U.S. Telecommunications ETF Stock Performance

Shares of IYZ opened at $21.17 on Thursday. iShares U.S. Telecommunications ETF has a 52-week low of $26.56 and a 52-week high of $34.77. The business’s 50 day moving average price is $21.38 and its two-hundred day moving average price is $21.85. The firm has a market cap of $230.75 million, a PE ratio of 12.97 and a beta of 0.93.

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).