Garrison Point Advisors LLC Decreases Holdings in iShares U.S. Financial Services ETF $IYG

Garrison Point Advisors LLC lowered its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 4.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 12,705 shares of the company’s stock after selling 600 shares during the quarter. Garrison Point Advisors LLC owned about 0.06% of iShares U.S. Financial Services ETF worth $1,088,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. RPS Advisory Solutions LLC boosted its holdings in iShares U.S. Financial Services ETF by 11.2% in the second quarter. RPS Advisory Solutions LLC now owns 6,286 shares of the company’s stock valued at $537,000 after purchasing an additional 634 shares in the last quarter. Bank of Montreal Can lifted its position in shares of iShares U.S. Financial Services ETF by 0.9% during the 2nd quarter. Bank of Montreal Can now owns 158,887 shares of the company’s stock worth $13,601,000 after buying an additional 1,347 shares during the last quarter. Benchmark Financial Wealth Advisors LLC acquired a new position in shares of iShares U.S. Financial Services ETF in the 2nd quarter valued at $233,000. AMG National Trust Bank boosted its holdings in shares of iShares U.S. Financial Services ETF by 2.7% in the 2nd quarter. AMG National Trust Bank now owns 9,411 shares of the company’s stock valued at $806,000 after buying an additional 251 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. purchased a new position in shares of iShares U.S. Financial Services ETF in the 2nd quarter valued at $205,000.

iShares U.S. Financial Services ETF Price Performance

Shares of NYSEARCA:IYG opened at $88.66 on Friday. iShares U.S. Financial Services ETF has a 12 month low of $65.98 and a 12 month high of $91.25. The firm has a market capitalization of $1.92 billion, a P/E ratio of 18.95 and a beta of 1.11. The company’s fifty day moving average price is $88.72 and its 200 day moving average price is $85.58.

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.