iShares U.S. Financial Services ETF (NYSEARCA:IYG) Holdings Cut by Financial Partners Group Inc

Financial Partners Group Inc reduced its stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,933 shares of the company’s stock after selling 728 shares during the period. Financial Partners Group Inc’s holdings in iShares U.S. Financial Services ETF were worth $539,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Southern Capital Advisors LLC boosted its position in iShares U.S. Financial Services ETF by 15.1% during the 4th quarter. Southern Capital Advisors LLC now owns 58,963 shares of the company’s stock valued at $4,588,000 after purchasing an additional 7,724 shares during the period. Fifth Third Securities Inc. boosted its holdings in shares of iShares U.S. Financial Services ETF by 4.7% during the fourth quarter. Fifth Third Securities Inc. now owns 22,636 shares of the company’s stock valued at $1,761,000 after acquiring an additional 1,012 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of iShares U.S. Financial Services ETF during the fourth quarter worth about $233,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Financial Services ETF in the 4th quarter worth about $550,000. Finally, Geneos Wealth Management Inc. lifted its position in iShares U.S. Financial Services ETF by 5.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 21,756 shares of the company’s stock valued at $1,693,000 after purchasing an additional 1,110 shares during the last quarter.

iShares U.S. Financial Services ETF Stock Down 0.5 %

iShares U.S. Financial Services ETF stock opened at $83.70 on Monday. The firm has a 50-day moving average price of $80.10 and a two-hundred day moving average price of $74.70. iShares U.S. Financial Services ETF has a 52-week low of $60.09 and a 52-week high of $84.62. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91.

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.