MML Investors Services LLC Has $1.73 Million Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

MML Investors Services LLC grew its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 41.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,204 shares of the company’s stock after buying an additional 6,532 shares during the quarter. MML Investors Services LLC owned approximately 0.11% of iShares U.S. Financial Services ETF worth $1,728,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Howard Capital Management Group LLC lifted its stake in iShares U.S. Financial Services ETF by 2.1% in the 3rd quarter. Howard Capital Management Group LLC now owns 114,452 shares of the company’s stock worth $8,128,000 after acquiring an additional 2,392 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares U.S. Financial Services ETF by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 261,570 shares of the company’s stock valued at $18,577,000 after purchasing an additional 5,590 shares during the period. Kozak & Associates Inc. lifted its position in shares of iShares U.S. Financial Services ETF by 4.4% in the fourth quarter. Kozak & Associates Inc. now owns 261,636 shares of the company’s stock worth $20,518,000 after purchasing an additional 11,087 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter worth approximately $341,000. Finally, Carnegie Investment Counsel grew its position in iShares U.S. Financial Services ETF by 2.6% during the fourth quarter. Carnegie Investment Counsel now owns 5,323 shares of the company’s stock valued at $414,000 after purchasing an additional 135 shares in the last quarter.

iShares U.S. Financial Services ETF Stock Performance

iShares U.S. Financial Services ETF stock opened at $77.63 on Wednesday. iShares U.S. Financial Services ETF has a twelve month low of $63.39 and a twelve month high of $84.91. The firm has a market cap of $1.63 billion, a PE ratio of 15.76 and a beta of 1.09. The firm’s 50 day moving average price is $76.66 and its two-hundred day moving average price is $78.56.

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.