iShares U.S. Financial Services ETF $IYG Shares Sold by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC trimmed its holdings in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 54.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 580 shares of the company’s stock after selling 703 shares during the period. 3Chopt Investment Partners LLC’s holdings in iShares U.S. Financial Services ETF were worth $50,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Y.D. More Investments Ltd raised its stake in shares of iShares U.S. Financial Services ETF by 85.7% during the 1st quarter. Y.D. More Investments Ltd now owns 650 shares of the company’s stock worth $51,000 after buying an additional 300 shares during the period. CX Institutional acquired a new position in shares of iShares U.S. Financial Services ETF during the 2nd quarter worth approximately $81,000. Apollon Wealth Management LLC acquired a new position in shares of iShares U.S. Financial Services ETF during the 1st quarter worth approximately $203,000. Fiduciary Alliance LLC acquired a new position in shares of iShares U.S. Financial Services ETF during the 2nd quarter worth approximately $233,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of iShares U.S. Financial Services ETF during the 1st quarter worth approximately $248,000.

iShares U.S. Financial Services ETF Price Performance

Shares of IYG stock opened at $86.19 on Friday. The stock has a 50 day simple moving average of $88.51 and a 200-day simple moving average of $83.61. iShares U.S. Financial Services ETF has a 1-year low of $65.98 and a 1-year high of $91.25. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 18.95 and a beta of 1.16.

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.