Kingswood Wealth Advisors LLC Lowers Position in iShares U.S. Financial Services ETF $IYG

Kingswood Wealth Advisors LLC lessened its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 42.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,845 shares of the company’s stock after selling 2,068 shares during the period. Kingswood Wealth Advisors LLC’s holdings in iShares U.S. Financial Services ETF were worth $244,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new stake in iShares U.S. Financial Services ETF during the first quarter valued at about $248,000. Brown Advisory Inc. purchased a new stake in iShares U.S. Financial Services ETF during the first quarter valued at about $1,049,000. Cambridge Investment Research Advisors Inc. raised its position in iShares U.S. Financial Services ETF by 15.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,640 shares of the company’s stock valued at $1,386,000 after purchasing an additional 2,354 shares in the last quarter. Magnus Financial Group LLC raised its position in iShares U.S. Financial Services ETF by 20.6% during the second quarter. Magnus Financial Group LLC now owns 3,659 shares of the company’s stock valued at $313,000 after purchasing an additional 624 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position 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 valued at $528,000 after purchasing an additional 2,348 shares in the last quarter.

iShares U.S. Financial Services ETF Stock Down 2.4%

NYSEARCA IYG opened at $86.19 on Friday. The stock’s 50-day simple moving average is $88.51 and its two-hundred day simple moving average is $83.63. iShares U.S. Financial Services ETF has a twelve month low of $65.98 and a twelve month high of $91.25. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 18.95 and a beta of 1.16.

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.