Janney Montgomery Scott LLC lowered its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG – Free Report) by 1.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 243,119 shares of the company’s stock after selling 4,280 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares U.S. Financial Services ETF were worth $17,266,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its holdings in shares of iShares U.S. Financial Services ETF by 12.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,509,858 shares of the company’s stock valued at $98,458,000 after purchasing an additional 161,646 shares during the last quarter. RiverFront Investment Group LLC grew its position in shares of iShares U.S. Financial Services ETF by 2.7% during the second quarter. RiverFront Investment Group LLC now owns 1,448,241 shares of the company’s stock worth $94,440,000 after acquiring an additional 38,283 shares during the last quarter. Raymond James & Associates grew its position in shares of iShares U.S. Financial Services ETF by 14.5% during the second quarter. Raymond James & Associates now owns 564,529 shares of the company’s stock worth $36,813,000 after acquiring an additional 71,320 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its holdings in shares of iShares U.S. Financial Services ETF by 3.4% in the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 373,427 shares of the company’s stock valued at $24,351,000 after acquiring an additional 12,314 shares during the period. Finally, International Assets Investment Management LLC raised its position in iShares U.S. Financial Services ETF by 7,787.3% in the 3rd quarter. International Assets Investment Management LLC now owns 260,834 shares of the company’s stock valued at $18,524,000 after purchasing an additional 257,527 shares during the last quarter.
iShares U.S. Financial Services ETF Stock Performance
Shares of iShares U.S. Financial Services ETF stock opened at $74.05 on Wednesday. The company’s fifty day moving average is $71.92 and its two-hundred day moving average is $68.30. iShares U.S. Financial Services ETF has a 1 year low of $51.58 and a 1 year high of $75.48. The company has a market capitalization of $1.50 billion, a P/E ratio of 5.95 and a beta of 0.91.
iShares U.S. Financial Services ETF Company Profile
iShares U.S. Financial Services ETF (the Fund) is an exchange-traded 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. Financial Services Index (the Underlying Index). The Underlying Index measures the performance of the financial services sector of the United States equity market.
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