iShares U.S. Financial Services ETF (NYSEARCA:IYG) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,801 shares of the company’s stock after purchasing an additional 414 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares U.S. Financial Services ETF were worth $377,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Charter Oak Capital Management LLC acquired a new stake in shares of iShares U.S. Financial Services ETF in the 1st quarter worth $504,000. Magnus Financial Group LLC increased its stake in shares of iShares U.S. Financial Services ETF by 15.1% in the 1st quarter. Magnus Financial Group LLC now owns 3,035 shares of the company’s stock worth $238,000 after acquiring an additional 399 shares during the last quarter. Lakeshore Capital Group Inc. acquired a new stake in shares of iShares U.S. Financial Services ETF in the 1st quarter worth $646,000. Swisher Financial Concepts Inc. acquired a new stake in shares of iShares U.S. Financial Services ETF in the 1st quarter worth $244,000. Finally, NBC Securities Inc. acquired a new stake in shares of iShares U.S. Financial Services ETF in the 1st quarter worth $65,000.

iShares U.S. Financial Services ETF Stock Down 2.2%

Shares of IYG opened at $80.81 on Monday. iShares U.S. Financial Services ETF has a 52-week low of $63.60 and a 52-week high of $84.91. The company has a market capitalization of $1.71 billion, a PE ratio of 16.84 and a beta of 1.11. The stock has a fifty day simple moving average of $78.91 and a two-hundred day simple moving average of $79.49.

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.