Goldman Sachs Group Inc. lowered its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG – Free Report) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,021,757 shares of the company’s stock after selling 29,259 shares during the period. Goldman Sachs Group Inc. owned 4.47% of iShares U.S. Financial Services ETF worth $94,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Lido Advisors LLC increased its position in iShares U.S. Financial Services ETF by 3.7% in the third quarter. Lido Advisors LLC now owns 3,336 shares of the company’s stock worth $299,000 after purchasing an additional 120 shares during the last quarter. Comerica Bank increased its position in iShares U.S. Financial Services ETF by 0.5% in the third quarter. Comerica Bank now owns 27,416 shares of the company’s stock worth $2,458,000 after purchasing an additional 131 shares during the last quarter. Harbour Investments Inc. increased its position in iShares U.S. Financial Services ETF by 21.0% in the fourth quarter. Harbour Investments Inc. now owns 1,577 shares of the company’s stock worth $146,000 after purchasing an additional 274 shares during the last quarter. Horizon Family Wealth Inc. increased its position in iShares U.S. Financial Services ETF by 5.7% in the third quarter. Horizon Family Wealth Inc. now owns 5,194 shares of the company’s stock worth $466,000 after purchasing an additional 281 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in iShares U.S. Financial Services ETF in the third quarter worth $26,000.
iShares U.S. Financial Services ETF Stock Performance
Shares of IYG opened at $88.80 on Wednesday. The company’s fifty day moving average is $86.63 and its 200 day moving average is $88.16. iShares U.S. Financial Services ETF has a fifty-two week low of $79.86 and a fifty-two week high of $95.75. The stock has a market capitalization of $2.03 billion, a PE ratio of 18.95 and a beta of 0.97.
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. 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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