Grimes & Company Inc. Acquires Shares of 14,881 iShares Dow Jones US Telecom (IYZ)

Grimes & Company Inc. purchased a new stake in iShares Dow Jones US Telecom (BATS:IYZ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,881 shares of the exchange traded fund’s stock, valued at approximately $438,000. Grimes & Company Inc. owned 0.12% of iShares Dow Jones US Telecom as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in IYZ. North Star Investment Management Corp. bought a new position in iShares Dow Jones US Telecom during the fourth quarter worth $115,000. SG Americas Securities LLC raised its holdings in iShares Dow Jones US Telecom by 57.3% during the third quarter. SG Americas Securities LLC now owns 5,818 shares of the exchange traded fund’s stock worth $177,000 after buying an additional 2,119 shares during the last quarter. Bank of Nova Scotia acquired a new position in iShares Dow Jones US Telecom during the second quarter worth $229,000. Strategic Financial Group LLC raised its holdings in iShares Dow Jones US Telecom by 24.2% during the third quarter. Strategic Financial Group LLC now owns 9,725 shares of the exchange traded fund’s stock worth $296,000 after buying an additional 1,896 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of iShares Dow Jones US Telecom in the second quarter valued at about $355,000.

Shares of iShares Dow Jones US Telecom (IYZ) opened at $27.63 on Thursday. iShares Dow Jones US Telecom has a 1-year low of $26.56 and a 1-year high of $34.77. The stock has a market cap of $349.52 and a PE ratio of 16.64.

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iShares Dow Jones US Telecom 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).

Institutional Ownership by Quarter for iShares Dow Jones US Telecom (BATS:IYZ)

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