Financial Freedom LLC Sells 1,113 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Financial Freedom LLC decreased its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 48.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,187 shares of the company’s stock after selling 1,113 shares during the period. Financial Freedom LLC’s holdings in iShares U.S. Financial Services ETF were worth $93,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Sowell Financial Services LLC bought a new stake in shares of iShares U.S. Financial Services ETF during the 1st quarter valued at about $361,000. Wealth Enhancement Advisory Services LLC boosted its stake in iShares U.S. Financial Services ETF by 53.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,720 shares of the company’s stock worth $528,000 after acquiring an additional 2,348 shares in the last quarter. Focus Financial Network Inc. grew its holdings in iShares U.S. Financial Services ETF by 75.0% in the first quarter. Focus Financial Network Inc. now owns 30,524 shares of the company’s stock worth $2,398,000 after purchasing an additional 13,084 shares during the period. Kozak & Associates Inc. increased its stake in shares of iShares U.S. Financial Services ETF by 3.0% during the first quarter. Kozak & Associates Inc. now owns 269,566 shares of the company’s stock valued at $19,975,000 after purchasing an additional 7,930 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in shares of iShares U.S. Financial Services ETF by 17.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 3,759 shares of the company’s stock valued at $295,000 after purchasing an additional 550 shares in the last quarter.

iShares U.S. Financial Services ETF Stock Performance

Shares of NYSEARCA IYG opened at $81.69 on Tuesday. iShares U.S. Financial Services ETF has a fifty-two week low of $63.60 and a fifty-two week high of $84.91. The company has a 50 day simple moving average of $79.16 and a two-hundred day simple moving average of $79.48. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 16.84 and a beta of 1.11.

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.