Cornerstone Wealth Management LLC Invests $549,000 in iShares US Telecommunications ETF (IYZ) Stock

Cornerstone Wealth Management LLC bought a new position in shares of iShares US Telecommunications ETF (BATS:IYZ) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 15,180 shares of the exchange traded fund’s stock, valued at approximately $549,000. Cornerstone Wealth Management LLC owned approximately 0.12% of iShares US Telecommunications ETF as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can increased its position in iShares US Telecommunications ETF by 6.1% in the second quarter. Bank of Montreal Can now owns 67,994 shares of the exchange traded fund’s stock worth $1,875,000 after buying an additional 3,884 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in shares of iShares US Telecommunications ETF in the 1st quarter valued at $203,000. BKD Wealth Advisors LLC boosted its position in shares of iShares US Telecommunications ETF by 8.5% in the 1st quarter. BKD Wealth Advisors LLC now owns 85,489 shares of the exchange traded fund’s stock valued at $2,310,000 after purchasing an additional 6,729 shares during the period. Millennium Management LLC acquired a new position in shares of iShares US Telecommunications ETF in the 1st quarter valued at $301,000. Finally, LPL Financial LLC boosted its position in shares of iShares US Telecommunications ETF by 7.6% in the 1st quarter. LPL Financial LLC now owns 61,464 shares of the exchange traded fund’s stock valued at $1,661,000 after purchasing an additional 4,318 shares during the period.

BATS IYZ traded up $0.02 during trading on Friday, reaching $29.69. 120,938 shares of the company’s stock were exchanged. iShares US Telecommunications ETF has a fifty-two week low of $26.56 and a fifty-two week high of $34.77.

iShares US 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).

Further Reading: Dividend

Institutional Ownership by Quarter for iShares US Telecommunications ETF (BATS:IYZ)

Receive News & Ratings for iShares US Telecommunications ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares US Telecommunications ETF and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply