JPMorgan Chase & Co. Purchases 5,590 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

JPMorgan Chase & Co. grew its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 2.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 261,570 shares of the company’s stock after buying an additional 5,590 shares during the period. JPMorgan Chase & Co.’s holdings in iShares U.S. Financial Services ETF were worth $18,577,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position 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 raised its holdings in shares of iShares U.S. Financial Services ETF by 2.7% in the second quarter. RiverFront Investment Group LLC now owns 1,448,241 shares of the company’s stock worth $94,440,000 after buying an additional 38,283 shares during the last quarter. Baltimore Washington Financial Advisors Inc. lifted its stake in shares of iShares U.S. Financial Services ETF by 2.2% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 381,794 shares of the company’s stock worth $27,115,000 after buying an additional 8,367 shares during the period. International Assets Investment Management LLC grew its holdings in shares of iShares U.S. Financial Services ETF by 7,787.3% during the third quarter. International Assets Investment Management LLC now owns 260,834 shares of the company’s stock valued at $18,524,000 after buying an additional 257,527 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of iShares U.S. Financial Services ETF by 16.2% in the 3rd quarter. Captrust Financial Advisors now owns 184,956 shares of the company’s stock valued at $13,136,000 after acquiring an additional 25,802 shares during the period.

iShares U.S. Financial Services ETF Price Performance

Shares of IYG stock opened at $78.16 on Friday. The business has a fifty day moving average of $79.22 and a 200 day moving average of $72.96. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91. iShares U.S. Financial Services ETF has a 1 year low of $57.93 and a 1 year high of $82.77.

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.