Cwm LLC trimmed its position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG – Free Report) by 9.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,015 shares of the company’s stock after selling 525 shares during the period. Cwm LLC owned 0.06% of iShares U.S. Financial Services ETF worth $757,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Merit Financial Group LLC grew its position in iShares U.S. Financial Services ETF by 20.2% during the 1st quarter. Merit Financial Group LLC now owns 11,087 shares of the company’s stock worth $1,674,000 after purchasing an additional 1,861 shares in the last quarter. CENTRAL TRUST Co acquired a new stake in shares of iShares U.S. Financial Services ETF in the 1st quarter valued at $35,000. Vahanian & Associates Financial Planning Inc. lifted its stake in shares of iShares U.S. Financial Services ETF by 15.1% in the 1st quarter. Vahanian & Associates Financial Planning Inc. now owns 3,095 shares of the company’s stock valued at $467,000 after purchasing an additional 405 shares during the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in shares of iShares U.S. Financial Services ETF in the 1st quarter valued at $34,000. Finally, Fifth Third Securities Inc. lifted its stake in shares of iShares U.S. Financial Services ETF by 18.3% in the 1st quarter. Fifth Third Securities Inc. now owns 24,830 shares of the company’s stock valued at $3,748,000 after purchasing an additional 3,839 shares during the last quarter.
iShares U.S. Financial Services ETF Trading Up 1.1 %
IYG stock opened at $169.57 on Tuesday. iShares U.S. Financial Services ETF has a 1 year low of $137.46 and a 1 year high of $176.75. The company has a fifty day simple moving average of $156.27 and a 200 day simple moving average of $158.44. The firm has a market cap of $1.32 billion, a PE ratio of 10.62 and a beta of 1.16.
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.
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