Private Advisor Group LLC Lowers Stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Private Advisor Group LLC lessened its position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,222 shares of the company’s stock after selling 4,317 shares during the period. Private Advisor Group LLC’s holdings in iShares U.S. Financial Services ETF were worth $8,032,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Baltimore Washington Financial Advisors Inc. boosted its position in shares of iShares U.S. Financial Services ETF by 2.1% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 389,794 shares of the company’s stock worth $30,330,000 after buying an additional 8,000 shares during the period. Kozak & Associates Inc. raised its stake in iShares U.S. Financial Services ETF by 4.4% during the fourth quarter. Kozak & Associates Inc. now owns 261,636 shares of the company’s stock valued at $20,518,000 after buying an additional 11,087 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares U.S. Financial Services ETF by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 261,570 shares of the company’s stock worth $18,577,000 after buying an additional 5,590 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in iShares U.S. Financial Services ETF by 7,787.3% during the 3rd quarter. International Assets Investment Management LLC now owns 260,834 shares of the company’s stock worth $18,524,000 after buying an additional 257,527 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in iShares U.S. Financial Services ETF by 16.2% during the 3rd quarter. Captrust Financial Advisors now owns 184,956 shares of the company’s stock worth $13,136,000 after buying an additional 25,802 shares during the last quarter.

iShares U.S. Financial Services ETF Stock Down 1.5 %

NYSEARCA:IYG opened at $81.88 on Friday. The business’s 50 day moving average is $80.82 and its two-hundred day moving average is $76.14. iShares U.S. Financial Services ETF has a 52 week low of $62.13 and a 52 week high of $84.91. The company has a market cap of $1.65 billion, a PE ratio of 17.45 and a beta of 0.91.

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.