Truist Financial Corp Lowers Position in iShares U.S. Telecommunications ETF (BATS:IYZ)

Truist Financial Corp decreased its stake in shares of iShares U.S. Telecommunications ETF (BATS:IYZ – Get Rating) by 26.1% in the third quarter, Holdings Channel reports. The institutional investor owned 37,891 shares of the exchange traded fund’s stock after selling 13,402 shares during the quarter. Truist Financial Corp’s holdings in iShares U.S. Telecommunications ETF were worth $791,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. CoreCap Advisors LLC bought a new stake in shares of iShares U.S. Telecommunications ETF in the 2nd quarter worth $30,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares U.S. Telecommunications ETF by 31.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the exchange traded fund’s stock worth $50,000 after purchasing an additional 476 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of iShares U.S. Telecommunications ETF by 287.5% in the 2nd quarter. Captrust Financial Advisors now owns 3,158 shares of the exchange traded fund’s stock worth $79,000 after purchasing an additional 2,343 shares in the last quarter. US Bancorp DE increased its holdings in shares of iShares U.S. Telecommunications ETF by 70.3% in the 1st quarter. US Bancorp DE now owns 4,231 shares of the exchange traded fund’s stock worth $126,000 after purchasing an additional 1,747 shares in the last quarter. Finally, B. Riley Wealth Management Inc. bought a new stake in shares of iShares U.S. Telecommunications ETF in the 2nd quarter worth $206,000.

iShares U.S. Telecommunications ETF Price Performance

iShares U.S. Telecommunications ETF stock opened at $23.72 on Friday. The stock has a fifty day simple moving average of $23.00 and a two-hundred day simple moving average of $23.60. iShares U.S. Telecommunications ETF has a 12 month low of $26.56 and a 12 month high of $34.77.

iShares U.S. Telecommunications ETF Company Profile

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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).