Commerce Bank Raises Stock Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Commerce Bank increased its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,954 shares of the company’s stock after purchasing an additional 204 shares during the quarter. Commerce Bank’s holdings in iShares U.S. Financial Services ETF were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in IYG. RiverFront Investment Group LLC raised its holdings in iShares U.S. Financial Services ETF by 2.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,448,241 shares of the company’s stock valued at $94,440,000 after acquiring an additional 38,283 shares during the last quarter. GSA Capital Partners LLP increased its stake in iShares U.S. Financial Services ETF by 22.7% in the third quarter. GSA Capital Partners LLP now owns 3,892 shares of the company’s stock valued at $276,000 after purchasing an additional 720 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in iShares U.S. Financial Services ETF during the third quarter worth about $376,000. OneDigital Investment Advisors LLC acquired a new stake in iShares U.S. Financial Services ETF in the 3rd quarter worth about $205,000. Finally, Cetera Investment Advisers grew its holdings in iShares U.S. Financial Services ETF by 1.8% in the 2nd quarter. Cetera Investment Advisers now owns 32,701 shares of the company’s stock valued at $2,132,000 after buying an additional 569 shares during the period.

iShares U.S. Financial Services ETF Price Performance

NYSEARCA IYG opened at $82.26 on Thursday. The company has a 50-day moving average of $75.09 and a 200-day moving average of $70.02. iShares U.S. Financial Services ETF has a 12 month low of $54.49 and a 12 month high of $82.77. The company has a market cap of $1.66 billion, a P/E ratio of 5.95 and a beta of 0.91.

iShares U.S. Financial Services ETF 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.