Cottonwood Capital Advisors LLC Sells 132 Shares of iShares U.S. Financial Services ETF $IYG

Cottonwood Capital Advisors LLC lessened its stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 1.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,345 shares of the company’s stock after selling 132 shares during the quarter. Cottonwood Capital Advisors LLC owned approximately 0.06% of iShares U.S. Financial Services ETF worth $1,057,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Y.D. More Investments Ltd raised its stake in iShares U.S. Financial Services ETF by 85.7% during the first quarter. Y.D. More Investments Ltd now owns 650 shares of the company’s stock valued at $51,000 after purchasing an additional 300 shares in the last quarter. Keener Financial Planning LLC purchased a new stake in iShares U.S. Financial Services ETF during the second quarter valued at $77,000. CX Institutional bought a new position in iShares U.S. Financial Services ETF during the second quarter valued at $81,000. 3Chopt Investment Partners LLC bought a new position in iShares U.S. Financial Services ETF during the first quarter valued at $101,000. Finally, Apollon Wealth Management LLC bought a new position in iShares U.S. Financial Services ETF during the first quarter valued at $203,000.

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

IYG stock opened at $86.84 on Friday. iShares U.S. Financial Services ETF has a twelve month low of $65.98 and a twelve month high of $91.25. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 18.95 and a beta of 1.16. The firm’s fifty day simple moving average is $88.67 and its two-hundred day simple moving average is $83.91.

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.