Arbor Investment Advisors LLC purchased a new position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) during the first quarter, HoldingsChannel.com reports. The firm purchased 1,700 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds also recently modified their holdings of IYG. First Command Financial Services Inc. purchased a new position in iShares U.S. Financial Services ETF in the 1st quarter worth about $26,000. Clarfeld Financial Advisors LLC purchased a new position in iShares U.S. Financial Services ETF in the 4th quarter worth about $31,000. Northwest Wealth Management LLC increased its stake in iShares U.S. Financial Services ETF by 48.5% in the 1st quarter. Northwest Wealth Management LLC now owns 306 shares of the company’s stock worth $38,000 after purchasing an additional 100 shares in the last quarter. Berman Capital Advisors LLC purchased a new position in iShares U.S. Financial Services ETF during the 4th quarter valued at about $95,000. Finally, Valeo Financial Advisors LLC grew its stake in iShares U.S. Financial Services ETF by 22.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,091 shares of the company’s stock valued at $122,000 after acquiring an additional 200 shares in the last quarter.

NYSEARCA:IYG traded down $0.73 on Monday, hitting $130.99. 71,012 shares of the company’s stock traded hands, compared to its average volume of 108,329. iShares U.S. Financial Services ETF has a 1 year low of $104.43 and a 1 year high of $140.00.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.5649 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.26 annualized dividend and a yield of 1.72%.

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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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Institutional Ownership by Quarter for iShares U.S. Financial Services ETF (NYSEARCA:IYG)

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