B. Riley Wealth Advisors Inc. Reduces Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

B. Riley Wealth Advisors Inc. lowered its stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 18.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,875 shares of the company’s stock after selling 1,541 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in iShares U.S. Financial Services ETF were worth $486,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of IYG. Ashton Thomas Private Wealth LLC acquired a new position in shares of iShares U.S. Financial Services ETF in the second quarter worth $27,000. Financial Avengers Inc. acquired a new position in iShares U.S. Financial Services ETF in the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares U.S. Financial Services ETF in the 3rd quarter valued at about $38,000. Carolinas Wealth Consulting LLC boosted its stake in shares of iShares U.S. Financial Services ETF by 344.4% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 600 shares of the company’s stock worth $39,000 after purchasing an additional 465 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its holdings in shares of iShares U.S. Financial Services ETF by 28.2% during the third quarter. EP Wealth Advisors LLC now owns 2,247 shares of the company’s stock worth $160,000 after buying an additional 494 shares in the last quarter.

iShares U.S. Financial Services ETF Price Performance

NYSEARCA:IYG opened at $76.65 on Friday. The firm has a market cap of $1.55 billion, a PE ratio of 5.95 and a beta of 0.91. The firm has a 50 day simple moving average of $78.05 and a 200-day simple moving average of $71.57. iShares U.S. Financial Services ETF has a 1-year low of $57.93 and a 1-year high of $82.77.

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.