Bank of America Corp DE Has $27.28 Million Stake in iShares US Telecommunications ETF (IYZ)

Bank of America Corp DE decreased its stake in iShares US Telecommunications ETF (BATS:IYZ) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,035,119 shares of the exchange traded fund’s stock after selling 33,830 shares during the period. Bank of America Corp DE’s holdings in iShares US Telecommunications ETF were worth $27,275,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Lockheed Martin Investment Management Co. lifted its position in iShares US Telecommunications ETF by 40.9% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 1,979,700 shares of the exchange traded fund’s stock worth $52,165,000 after purchasing an additional 575,000 shares during the period. Morgan Stanley lifted its position in iShares US Telecommunications ETF by 15.1% in the third quarter. Morgan Stanley now owns 1,705,250 shares of the exchange traded fund’s stock worth $50,714,000 after purchasing an additional 223,707 shares during the period. Wells Fargo & Company MN lifted its position in iShares US Telecommunications ETF by 1.3% in the third quarter. Wells Fargo & Company MN now owns 527,313 shares of the exchange traded fund’s stock worth $15,683,000 after purchasing an additional 6,963 shares during the period. Tocqueville Asset Management L.P. bought a new position in iShares US Telecommunications ETF in the fourth quarter worth $8,640,000. Finally, Envestnet Asset Management Inc. bought a new position in iShares US Telecommunications ETF in the third quarter worth $7,766,000.

Shares of BATS IYZ traded down $0.03 during midday trading on Wednesday, reaching $30.75. 197,838 shares of the company traded hands. iShares US Telecommunications ETF has a 12 month low of $26.56 and a 12 month high of $34.77.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 21st were issued a $0.1741 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.27%. This is a boost from iShares US Telecommunications ETF’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, March 20th.

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About iShares US 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).

Further Reading: Average Daily Trade Volume – ADTV

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

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