Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 53.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,720 shares of the company’s stock after buying an additional 2,348 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in iShares U.S. Financial Services ETF were worth $528,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of IYG. RiverFront Investment Group LLC grew its holdings in shares of iShares U.S. Financial Services ETF by 3.3% during the 4th quarter. RiverFront Investment Group LLC now owns 1,556,433 shares of the company’s stock worth $121,106,000 after acquiring an additional 49,743 shares during the period. Raymond James Financial Inc. bought a new position in iShares U.S. Financial Services ETF in the fourth quarter worth $43,292,000. Bank of America Corp DE raised its holdings in iShares U.S. Financial Services ETF by 8.3% in the fourth quarter. Bank of America Corp DE now owns 462,205 shares of the company’s stock worth $35,964,000 after purchasing an additional 35,579 shares in the last quarter. LPL Financial LLC lifted its position in iShares U.S. Financial Services ETF by 4.5% during the fourth quarter. LPL Financial LLC now owns 434,621 shares of the company’s stock valued at $33,818,000 after buying an additional 18,688 shares during the period. Finally, Kozak & Associates Inc. boosted its holdings in shares of iShares U.S. Financial Services ETF by 3.0% during the 1st quarter. Kozak & Associates Inc. now owns 269,566 shares of the company’s stock valued at $19,975,000 after buying an additional 7,930 shares in the last quarter.

iShares U.S. Financial Services ETF Stock Performance

Shares of NYSEARCA IYG opened at $87.42 on Friday. The company has a 50 day simple moving average of $81.95 and a two-hundred day simple moving average of $79.88. iShares U.S. Financial Services ETF has a fifty-two week low of $63.60 and a fifty-two week high of $87.57. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 16.84 and a beta of 1.16.

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.