NewEdge Advisors LLC Sells 36,513 Shares of iShares U.S. Financial Services ETF $IYG

NewEdge Advisors LLC cut its stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 77.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,794 shares of the company’s stock after selling 36,513 shares during the period. NewEdge Advisors LLC’s holdings in iShares U.S. Financial Services ETF were worth $894,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Triumph Capital Management bought a new position in shares of iShares U.S. Financial Services ETF in the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in iShares U.S. Financial Services ETF during the fourth quarter worth about $28,000. Farther Finance Advisors LLC bought a new stake in iShares U.S. Financial Services ETF during the fourth quarter worth about $29,000. Capital Advisors Ltd. LLC grew its stake in iShares U.S. Financial Services ETF by 49.8% during the first quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock worth $31,000 after buying an additional 126 shares in the last quarter. Finally, Merrithew & Thorsten Inc acquired a new stake in iShares U.S. Financial Services ETF during the fourth quarter worth about $39,000.

iShares U.S. Financial Services ETF Stock Up 0.3%

IYG stock opened at $97.57 on Wednesday. The company’s 50-day moving average price is $93.91 and its two-hundred day moving average price is $89.04. The firm has a market cap of $2.22 billion, a P/E ratio of 18.95 and a beta of 0.96. iShares U.S. Financial Services ETF has a 12 month low of $79.86 and a 12 month high of $98.39.

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.