iShares U.S. Financial Services ETF $IYG Stock Position Raised by Park Avenue Securities LLC

Park Avenue Securities LLC raised its position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,035 shares of the company’s stock after purchasing an additional 234 shares during the period. Park Avenue Securities LLC’s holdings in iShares U.S. Financial Services ETF were worth $431,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Orrstown Financial Services Inc. purchased a new stake in shares of iShares U.S. Financial Services ETF during the 2nd quarter worth about $315,000. CX Institutional acquired a new position in shares of iShares U.S. Financial Services ETF during the 2nd quarter valued at about $81,000. Kozak & Associates Inc. increased its holdings in shares of iShares U.S. Financial Services ETF by 18.5% during the 2nd quarter. Kozak & Associates Inc. now owns 319,466 shares of the company’s stock valued at $27,554,000 after acquiring an additional 49,900 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares U.S. Financial Services ETF by 62.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,923 shares of the company’s stock valued at $955,000 after acquiring an additional 4,203 shares during the last quarter. Finally, Focus Financial Network Inc. increased its holdings in shares of iShares U.S. Financial Services ETF by 9.8% during the 2nd quarter. Focus Financial Network Inc. now owns 33,509 shares of the company’s stock valued at $2,868,000 after acquiring an additional 2,985 shares during the last quarter.

iShares U.S. Financial Services ETF Stock Performance

Shares of NYSEARCA IYG opened at $90.20 on Tuesday. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 18.95 and a beta of 1.16. The business’s 50-day simple moving average is $88.31 and its 200-day simple moving average is $83.04. iShares U.S. Financial Services ETF has a 52 week low of $65.98 and a 52 week high of $91.25.

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.