BNP Paribas Financial Markets Grows Holdings in iShares U.S. Telecommunications ETF (BATS:IYZ)

BNP Paribas Financial Markets raised its position in iShares U.S. Telecommunications ETF (BATS:IYZ) by 4,865.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,558 shares of the exchange traded fund’s stock after buying an additional 118,130 shares during the period. BNP Paribas Financial Markets owned about 1.20% of iShares U.S. Telecommunications ETF worth $3,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IYZ. Raymond James Financial Inc. purchased a new position in iShares U.S. Telecommunications ETF in the fourth quarter valued at $16,984,000. Independent Advisor Alliance purchased a new position in iShares U.S. Telecommunications ETF in the fourth quarter valued at $14,509,000. Apollon Wealth Management LLC purchased a new position in iShares U.S. Telecommunications ETF in the fourth quarter valued at $12,947,000. LPL Financial LLC increased its holdings in iShares U.S. Telecommunications ETF by 675.8% in the fourth quarter. LPL Financial LLC now owns 441,129 shares of the exchange traded fund’s stock valued at $11,836,000 after buying an additional 384,267 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the fourth quarter valued at about $9,599,000.

iShares U.S. Telecommunications ETF Stock Up 6.5%

Shares of BATS IYZ opened at $28.50 on Friday. The company’s 50-day simple moving average is $26.68 and its 200-day simple moving average is $27.17. iShares U.S. Telecommunications ETF has a 52-week low of $20.72 and a 52-week high of $28.80. The firm has a market cap of $384.68 million, a price-to-earnings ratio of 13.95 and a beta of 0.89.

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).