RiverFront Investment Group LLC lifted its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG – Free Report) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,449,021 shares of the company’s stock after buying an additional 10,089 shares during the period. iShares U.S. Financial Services ETF comprises about 2.2% of RiverFront Investment Group LLC’s holdings, making the stock its 16th largest position. RiverFront Investment Group LLC owned approximately 0.06% of iShares U.S. Financial Services ETF worth $133,672,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Lido Advisors LLC boosted its position in shares of iShares U.S. Financial Services ETF by 3.7% during the third quarter. Lido Advisors LLC now owns 3,336 shares of the company’s stock valued at $299,000 after buying an additional 120 shares during the last quarter. Comerica Bank boosted its position in shares of iShares U.S. Financial Services ETF by 0.5% during the third quarter. Comerica Bank now owns 27,416 shares of the company’s stock valued at $2,458,000 after buying an additional 131 shares during the last quarter. Horizon Family Wealth Inc. boosted its position in shares of iShares U.S. Financial Services ETF by 5.7% during the third quarter. Horizon Family Wealth Inc. now owns 5,194 shares of the company’s stock valued at $466,000 after buying an additional 281 shares during the last quarter. Triumph Capital Management purchased a new position in shares of iShares U.S. Financial Services ETF during the third quarter valued at approximately $26,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of iShares U.S. Financial Services ETF during the fourth quarter valued at approximately $29,000.
iShares U.S. Financial Services ETF Stock Performance
NYSEARCA:IYG opened at $86.21 on Monday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 18.95 and a beta of 0.98. iShares U.S. Financial Services ETF has a 52 week low of $79.86 and a 52 week high of $95.75. The firm has a 50-day moving average price of $85.02 and a two-hundred day moving average price of $88.25.
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.
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