Envestnet Asset Management Inc. Purchases 27,298 Shares of iShares U.S. Financial Services ETF $IYG

Envestnet Asset Management Inc. boosted its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,323,623 shares of the company’s stock after purchasing an additional 27,298 shares during the quarter. Envestnet Asset Management Inc. owned approximately 6.13% of iShares U.S. Financial Services ETF worth $118,650,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of iShares U.S. Financial Services ETF by 9.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,446 shares of the company’s stock worth $130,000 after acquiring an additional 123 shares in the last quarter. Cottonwood Capital Advisors LLC grew its holdings in iShares U.S. Financial Services ETF by 1.2% in the third quarter. Cottonwood Capital Advisors LLC now owns 12,490 shares of the company’s stock worth $1,120,000 after purchasing an additional 145 shares during the period. Apollon Wealth Management LLC increased its stake in shares of iShares U.S. Financial Services ETF by 5.8% during the second quarter. Apollon Wealth Management LLC now owns 2,731 shares of the company’s stock valued at $234,000 after purchasing an additional 150 shares in the last quarter. Kesler Norman & Wride LLC increased its stake in shares of iShares U.S. Financial Services ETF by 2.8% during the third quarter. Kesler Norman & Wride LLC now owns 5,490 shares of the company’s stock valued at $492,000 after purchasing an additional 150 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its holdings in shares of iShares U.S. Financial Services ETF by 1.5% during the second quarter. Prospera Financial Services Inc now owns 10,554 shares of the company’s stock valued at $903,000 after purchasing an additional 153 shares during the last quarter.

iShares U.S. Financial Services ETF Stock Up 2.2%

iShares U.S. Financial Services ETF stock opened at $91.98 on Friday. iShares U.S. Financial Services ETF has a twelve month low of $65.98 and a twelve month high of $95.75. The company has a market capitalization of $2.10 billion, a P/E ratio of 18.95 and a beta of 1.11. The stock’s 50 day moving average is $91.85 and its 200 day moving average is $89.45.

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. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.