137,809 Shares in iShares U.S. Telecommunications ETF (BATS:IYZ) Bought by Pinnacle Family Advisors LLC

Pinnacle Family Advisors LLC acquired a new stake in iShares U.S. Telecommunications ETF (BATS:IYZ) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 137,809 shares of the exchange traded fund’s stock, valued at approximately $3,481,000. iShares U.S. Telecommunications ETF accounts for approximately 1.8% of Pinnacle Family Advisors LLC’s investment portfolio, making the stock its 15th biggest position.

Several other large investors have also recently made changes to their positions in IYZ. Fisher Asset Management LLC grew its holdings in iShares U.S. Telecommunications ETF by 1.7% during the third quarter. Fisher Asset Management LLC now owns 22,082 shares of the exchange traded fund’s stock valued at $558,000 after purchasing an additional 365 shares during the period. Bank of Montreal Can lifted its position in shares of iShares U.S. Telecommunications ETF by 0.5% during the second quarter. Bank of Montreal Can now owns 123,651 shares of the exchange traded fund’s stock worth $2,918,000 after acquiring an additional 626 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of iShares U.S. Telecommunications ETF by 0.9% in the second quarter. National Bank of Canada FI now owns 87,814 shares of the exchange traded fund’s stock worth $1,900,000 after acquiring an additional 779 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of iShares U.S. Telecommunications ETF in the third quarter valued at $27,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of iShares U.S. Telecommunications ETF by 3.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 31,563 shares of the exchange traded fund’s stock valued at $686,000 after purchasing an additional 1,114 shares during the period.

iShares U.S. Telecommunications ETF Stock Performance

Shares of IYZ opened at $27.97 on Wednesday. The stock has a market capitalization of $281.10 million, a price-to-earnings ratio of 13.32 and a beta of 0.86. iShares U.S. Telecommunications ETF has a 52-week low of $26.56 and a 52-week high of $34.77. The stock’s 50-day simple moving average is $26.33 and its 200 day simple moving average is $23.76.

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).