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During the first quarter, Great Lakes Advisors LLC raised its holdings in iShares U.S. Telecommunications ETF (BATS:IYZ) by 1.7%, according to a report by Holdings Channel.com. The firm purchased an additional 1,409 shares of the exchange traded fund, bringing its total holdings to 84,224 shares. Based on its most recent SEC filing, Great Lakes Advisors LLC’s holdings in iShares U.S. Telecommunications ETF were valued at ,951,000.

Several other hedge funds and institutional investors have also made changes to their stakes in IYZ. Morgan Stanley increased its position in the ETF by 29.8% in the fourth quarter, now owning 3,682,125 shares valued at ,590,000. Citigroup Inc. raised its position by 58.0% in the same period, now owning 2,211,683 shares valued at ,608,000. Richard C. Young & CO. LTD. acquired a new position in the ETF valued at approximately ,315,000, and Chevy Chase Trust Holdings LLC acquired a new position valued at approximately ,545,000 during the fourth quarter. In addition, Dakota Wealth Management also acquired a new position in the first quarter valued at approximately ,175,000.

The stock of iShares U.S. Telecommunications ETF (BATS:IYZ) opened at .97 on Monday. It has a 12-month low of .56 and a 12-month high of .77. With a market cap of 4.70 million, the ETF has a price-to-earnings ratio of 8.61 and a beta of 0.88. Its 50-day moving average is .03, while the 200-day moving average is .30.

iShares U.S. Telecommunications ETF, formerly known as iShares Dow Jones U.S. Telecommunications Sector Index Fund, is a non-diversified fund that aims to achieve investment results corresponding to the price and yield performance of the Dow Jones U.S. Select Telecommunications Index.

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