WESPAC Advisors LLC Takes $1.42 Million Position in iShares U.S. Telecommunications ETF (BATS:IYZ)

WESPAC Advisors LLC bought a new stake in iShares U.S. Telecommunications ETF (BATS:IYZ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 52,817 shares of the exchange traded fund’s stock, valued at approximately $1,417,000. iShares U.S. Telecommunications ETF comprises approximately 1.0% of WESPAC Advisors LLC’s investment portfolio, making the stock its 21st biggest position. WESPAC Advisors LLC owned 0.53% of iShares U.S. Telecommunications ETF as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IYZ. Leuthold Group LLC bought a new position in shares of iShares U.S. Telecommunications ETF during the third quarter valued at $632,000. Vanguard Capital Wealth Advisors bought a new position in iShares U.S. Telecommunications ETF during the 3rd quarter worth $778,000. Concurrent Investment Advisors LLC raised its position in iShares U.S. Telecommunications ETF by 4.7% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 48,504 shares of the exchange traded fund’s stock worth $1,225,000 after purchasing an additional 2,168 shares during the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in iShares U.S. Telecommunications ETF during the 3rd quarter worth $532,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of iShares U.S. Telecommunications ETF during the third quarter worth about $446,000.

iShares U.S. Telecommunications ETF Price Performance

Shares of IYZ stock opened at $28.29 on Friday. The stock has a market capitalization of $562.87 million, a PE ratio of 18.98 and a beta of 0.88. The business’s 50 day simple moving average is $27.48 and its 200 day simple moving average is $26.11. iShares U.S. Telecommunications ETF has a one year low of $26.56 and a one year high of $34.77.

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).