Kozak & Associates Inc. reduced its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG – Free Report) by 29.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 305,432 shares of the company’s stock after selling 124,951 shares during the quarter. iShares U.S. Financial Services ETF comprises 4.9% of Kozak & Associates Inc.’s portfolio, making the stock its 6th biggest holding. Kozak & Associates Inc.’s holdings in iShares U.S. Financial Services ETF were worth $28,194,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its stake in shares of iShares U.S. Financial Services ETF by 17.4% during the 1st quarter. NewEdge Advisors LLC now owns 10,232 shares of the company’s stock worth $804,000 after acquiring an additional 1,517 shares in the last quarter. Focus Partners Wealth increased its stake in iShares U.S. Financial Services ETF by 11.2% in the 1st quarter. Focus Partners Wealth now owns 6,826 shares of the company’s stock valued at $536,000 after purchasing an additional 685 shares in the last quarter. Baird Financial Group Inc. raised its holdings in iShares U.S. Financial Services ETF by 3.8% during the second quarter. Baird Financial Group Inc. now owns 8,694 shares of the company’s stock worth $744,000 after purchasing an additional 320 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in iShares U.S. Financial Services ETF by 267.7% during the second quarter. Qube Research & Technologies Ltd now owns 2,368 shares of the company’s stock worth $203,000 after purchasing an additional 1,724 shares during the last quarter. Finally, Florida Financial Advisors LLC acquired a new position in iShares U.S. Financial Services ETF during the second quarter worth $394,000.
iShares U.S. Financial Services ETF Stock Performance
IYG opened at $96.43 on Tuesday. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 18.95 and a beta of 0.96. iShares U.S. Financial Services ETF has a one year low of $79.86 and a one year high of $96.54. The business’s fifty day moving average is $91.69 and its two-hundred day moving average is $88.54.
About iShares U.S. Financial Services ETF
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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