Riggs Capital Management LLC Takes $356,000 Position in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Riggs Capital Management LLC acquired a new position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,580 shares of the company’s stock, valued at approximately $356,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Union Bancaire Privee UBP SA purchased a new position in iShares U.S. Financial Services ETF during the fourth quarter worth about $233,000. Atria Wealth Solutions Inc. lifted its holdings in shares of iShares U.S. Financial Services ETF by 12.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 3,183 shares of the company’s stock worth $248,000 after acquiring an additional 342 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of iShares U.S. Financial Services ETF during the 3rd quarter worth approximately $2,496,000. JPMorgan Chase & Co. increased its holdings in iShares U.S. Financial Services ETF by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 261,570 shares of the company’s stock valued at $18,577,000 after purchasing an additional 5,590 shares during the last quarter. Finally, US Bancorp DE raised its position in iShares U.S. Financial Services ETF by 4.6% in the fourth quarter. US Bancorp DE now owns 11,449 shares of the company’s stock valued at $891,000 after purchasing an additional 502 shares during the period.

iShares U.S. Financial Services ETF Stock Down 2.1 %

NYSEARCA:IYG opened at $77.67 on Monday. 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 fifty day moving average is $81.13 and its two-hundred day moving average is $78.10. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.68 and a beta of 1.17.

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.