Hopwood Financial Services Inc. Invests $55,000 in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Hopwood Financial Services Inc. bought a new position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) during the fourth quarter, Holdings Channel reports. The firm bought 705 shares of the company’s stock, valued at approximately $55,000.

Other hedge funds also recently made changes to their positions in the company. Roxbury Financial LLC bought a new stake in shares of iShares U.S. Financial Services ETF during the 4th quarter worth $25,000. Financial Avengers Inc. bought a new stake in shares of iShares U.S. Financial Services ETF during the 3rd quarter worth $28,000. Comprehensive Financial Planning Inc. PA bought a new stake in iShares U.S. Financial Services ETF in the 4th quarter valued at about $50,000. SRS Capital Advisors Inc. raised its stake in iShares U.S. Financial Services ETF by 63.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 858 shares of the company’s stock valued at $67,000 after acquiring an additional 333 shares during the period. Finally, Private Trust Co. NA raised its stake in iShares U.S. Financial Services ETF by 103.5% in the 4th quarter. Private Trust Co. NA now owns 1,160 shares of the company’s stock valued at $90,000 after acquiring an additional 590 shares during the period.

iShares U.S. Financial Services ETF Stock Performance

Shares of iShares U.S. Financial Services ETF stock opened at $75.30 on Thursday. iShares U.S. Financial Services ETF has a 52-week low of $62.13 and a 52-week high of $84.91. The stock’s 50-day simple moving average is $81.21 and its 200 day simple moving average is $77.40. The stock has a market capitalization of $1.62 billion, a P/E ratio of 16.68 and a beta of 1.17.

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.