Arkansas Financial Group Inc. Raises Position in iShares U.S. Financial Services ETF $IYG

Arkansas Financial Group Inc. raised its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,417 shares of the company’s stock after buying an additional 6,358 shares during the period. iShares U.S. Financial Services ETF makes up approximately 1.6% of Arkansas Financial Group Inc.’s portfolio, making the stock its 17th largest position. Arkansas Financial Group Inc. owned 0.55% of iShares U.S. Financial Services ETF worth $11,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lido Advisors LLC lifted its stake in iShares U.S. Financial Services ETF by 3.7% in the third quarter. Lido Advisors LLC now owns 3,336 shares of the company’s stock worth $299,000 after acquiring an additional 120 shares during the last quarter. GAMMA Investing LLC lifted its stake in iShares U.S. Financial Services ETF by 9.3% in the third quarter. GAMMA Investing LLC now owns 1,446 shares of the company’s stock worth $130,000 after acquiring an additional 123 shares during the last quarter. Comerica Bank lifted its stake in iShares U.S. Financial Services ETF by 0.5% in the third quarter. Comerica Bank now owns 27,416 shares of the company’s stock worth $2,458,000 after acquiring an additional 131 shares during the last quarter. Cottonwood Capital Advisors LLC lifted its stake in iShares U.S. Financial Services ETF by 1.2% in the third quarter. Cottonwood Capital Advisors LLC now owns 12,490 shares of the company’s stock worth $1,120,000 after acquiring an additional 145 shares during the last quarter. Finally, Kesler Norman & Wride LLC lifted its stake in iShares U.S. Financial Services ETF by 2.8% in the third quarter. Kesler Norman & Wride LLC now owns 5,490 shares of the company’s stock worth $492,000 after acquiring an additional 150 shares during the last quarter.

iShares U.S. Financial Services ETF Stock Down 0.9%

Shares of iShares U.S. Financial Services ETF stock opened at $87.20 on Friday. iShares U.S. Financial Services ETF has a 52-week low of $75.22 and a 52-week high of $95.75. The company has a 50 day moving average of $85.00 and a 200 day moving average of $88.33. The company has a market capitalization of $1.98 billion, a P/E ratio of 18.95 and a beta of 1.02.

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. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.