Vivaldi Capital Management LP Makes New $277,000 Investment in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Vivaldi Capital Management LP purchased a new position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,321 shares of the company’s stock, valued at approximately $277,000.

Other institutional investors have also recently bought and sold shares of the company. Quantinno Capital Management LP bought a new position in shares of iShares U.S. Financial Services ETF during the fourth quarter valued at $756,000. Guardian Wealth Advisors LLC NC bought a new position in shares of iShares U.S. Financial Services ETF in the fourth quarter valued at about $117,000. Focus Partners Wealth raised its holdings in shares of iShares U.S. Financial Services ETF by 60.8% in the fourth quarter. Focus Partners Wealth now owns 6,141 shares of the company’s stock valued at $478,000 after buying an additional 2,323 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of iShares U.S. Financial Services ETF by 75.0% in the fourth quarter. Cetera Investment Advisers now owns 45,105 shares of the company’s stock valued at $3,510,000 after buying an additional 19,330 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of iShares U.S. Financial Services ETF by 29.6% in the fourth quarter. Baird Financial Group Inc. now owns 8,247 shares of the company’s stock valued at $642,000 after buying an additional 1,884 shares during the last quarter.

iShares U.S. Financial Services ETF Stock Down 0.1%

iShares U.S. Financial Services ETF stock opened at $83.24 on Tuesday. The stock has a 50-day simple moving average of $76.88 and a 200 day simple moving average of $79.18. iShares U.S. Financial Services ETF has a 12-month low of $63.60 and a 12-month high of $84.91. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 16.59 and a beta of 1.11.

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.