48,848 Shares in iShares U.S. Financial Services ETF $IYG Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC purchased a new position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,848 shares of the company’s stock, valued at approximately $4,506,000. Concurrent Investment Advisors LLC owned 0.22% of iShares U.S. Financial Services ETF at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IYG. Sagespring Wealth Partners LLC purchased a new position in shares of iShares U.S. Financial Services ETF in the 4th quarter valued at about $53,175,000. Kozak & Associates Inc. increased its stake in shares of iShares U.S. Financial Services ETF by 30.8% during the third quarter. Kozak & Associates Inc. now owns 417,733 shares of the company’s stock worth $35,875,000 after buying an additional 98,267 shares during the period. Ameriprise Financial Inc. raised its holdings in iShares U.S. Financial Services ETF by 79.4% in the third quarter. Ameriprise Financial Inc. now owns 188,153 shares of the company’s stock valued at $16,853,000 after acquiring an additional 83,297 shares in the last quarter. Unique Wealth LLC acquired a new stake in iShares U.S. Financial Services ETF in the fourth quarter valued at approximately $5,518,000. Finally, Centerline Wealth Advisors LLC purchased a new position in iShares U.S. Financial Services ETF in the fourth quarter worth approximately $4,686,000.

iShares U.S. Financial Services ETF Stock Up 0.8%

Shares of iShares U.S. Financial Services ETF stock opened at $87.39 on Tuesday. iShares U.S. Financial Services ETF has a 52-week low of $75.95 and a 52-week high of $95.75. The company has a market capitalization of $1.98 billion, a P/E ratio of 18.95 and a beta of 1.02. The company has a 50 day moving average of $84.98 and a 200 day moving average of $88.30.

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. 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.