Bank of Montreal Can Sells 1,402 Shares of iShares U.S. Telecommunications ETF (BATS:IYZ)

Bank of Montreal Can trimmed its holdings in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,496 shares of the exchange traded fund’s stock after selling 1,402 shares during the period. Bank of Montreal Can owned about 1.22% of iShares U.S. Telecommunications ETF worth $3,287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC grew its position in shares of iShares U.S. Telecommunications ETF by 3.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 55,214 shares of the exchange traded fund’s stock valued at $1,526,000 after acquiring an additional 2,080 shares during the period. Destination Wealth Management grew its holdings in iShares U.S. Telecommunications ETF by 1.8% during the third quarter. Destination Wealth Management now owns 77,573 shares of the exchange traded fund’s stock valued at $1,959,000 after purchasing an additional 1,400 shares during the period. ST Germain D J Co. Inc. bought a new position in iShares U.S. Telecommunications ETF during the fourth quarter valued at $381,000. City Center Advisors LLC purchased a new stake in iShares U.S. Telecommunications ETF in the fourth quarter worth $228,000. Finally, EWG Elevate Inc. bought a new stake in shares of iShares U.S. Telecommunications ETF in the fourth quarter valued at $2,624,000.

iShares U.S. Telecommunications ETF Price Performance

Shares of BATS IYZ opened at $26.15 on Wednesday. The business’s fifty day moving average price is $27.29 and its 200-day moving average price is $27.01. iShares U.S. Telecommunications ETF has a one year low of $20.31 and a one year high of $28.80. The stock has a market capitalization of $345.17 million, a PE ratio of 13.81 and a beta of 0.88.

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).