Cwm LLC lessened its stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG – Free Report) by 3.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 14,111 shares of the company’s stock after selling 545 shares during the period. Cwm LLC owned about 0.07% of iShares U.S. Financial Services ETF worth $1,208,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IYG. Y.D. More Investments Ltd grew its stake in shares of iShares U.S. Financial Services ETF by 85.7% in the first quarter. Y.D. More Investments Ltd now owns 650 shares of the company’s stock valued at $51,000 after buying an additional 300 shares in the last quarter. Keener Financial Planning LLC purchased a new position in iShares U.S. Financial Services ETF during the 2nd quarter valued at about $77,000. CX Institutional purchased a new position in iShares U.S. Financial Services ETF during the 2nd quarter valued at about $81,000. 3Chopt Investment Partners LLC acquired a new position in iShares U.S. Financial Services ETF in the 1st quarter valued at about $101,000. Finally, Apollon Wealth Management LLC purchased a new stake in iShares U.S. Financial Services ETF during the first quarter worth about $203,000.
iShares U.S. Financial Services ETF Stock Performance
Shares of IYG opened at $88.14 on Tuesday. The company’s 50-day simple moving average is $88.71 and its 200-day simple moving average is $84.14. iShares U.S. Financial Services ETF has a 1 year low of $65.98 and a 1 year high of $91.25. The stock has a market capitalization of $1.91 billion, a PE ratio of 18.95 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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