Leuthold Group LLC Grows Stake in iShares U.S. Telecommunications ETF (BATS:IYZ)

Leuthold Group LLC grew its stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ) by 102.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,602 shares of the exchange traded fund’s stock after buying an additional 25,595 shares during the period. Leuthold Group LLC’s holdings in iShares U.S. Telecommunications ETF were worth $1,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Citigroup Inc. lifted its position in shares of iShares U.S. Telecommunications ETF by 1,907.8% in the third quarter. Citigroup Inc. now owns 1,170,676 shares of the exchange traded fund’s stock worth $29,571,000 after buying an additional 1,112,371 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of iShares U.S. Telecommunications ETF during the 4th quarter valued at approximately $12,947,000. Moloney Securities Asset Management LLC purchased a new position in shares of iShares U.S. Telecommunications ETF in the fourth quarter valued at $8,269,000. Strengthening Families & Communities LLC increased its position in iShares U.S. Telecommunications ETF by 5.4% in the third quarter. Strengthening Families & Communities LLC now owns 283,668 shares of the exchange traded fund’s stock worth $7,165,000 after purchasing an additional 14,507 shares during the last quarter. Finally, Verity & Verity LLC bought a new stake in iShares U.S. Telecommunications ETF in the fourth quarter worth $5,976,000.

iShares U.S. Telecommunications ETF Stock Up 5.7 %

IYZ stock opened at $28.29 on Friday. iShares U.S. Telecommunications ETF has a 52 week low of $26.56 and a 52 week high of $34.77. The firm has a market capitalization of $562.87 million, a P/E ratio of 18.98 and a beta of 0.88. The company has a fifty day simple moving average of $27.48 and a two-hundred day simple moving average of $26.08.

iShares U.S. 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).