Janney Montgomery Scott LLC reduced its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG – Free Report) by 3.1% during the 1st quarter, Holdings Channel reports. The fund owned 198,083 shares of the company’s stock after selling 6,284 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares U.S. Financial Services ETF were worth $16,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Triumph Capital Management purchased a new position in shares of iShares U.S. Financial Services ETF during the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in iShares U.S. Financial Services ETF in the fourth quarter valued at $28,000. Farther Finance Advisors LLC purchased a new stake in iShares U.S. Financial Services ETF in the fourth quarter valued at $29,000. Capital Advisors Ltd. LLC grew its position in iShares U.S. Financial Services ETF by 49.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 126 shares during the period. Finally, Merrithew & Thorsten Inc acquired a new stake in iShares U.S. Financial Services ETF during the 4th quarter worth about $39,000.
iShares U.S. Financial Services ETF Stock Performance
NYSEARCA IYG opened at $90.47 on Wednesday. The stock has a 50-day simple moving average of $88.24 and a two-hundred day simple moving average of $88.33. The firm has a market capitalization of $2.07 billion, a P/E ratio of 18.95 and a beta of 0.97. iShares U.S. Financial Services ETF has a fifty-two week low of $79.86 and a fifty-two week high of $95.75.
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. 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.
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