iShares U.S. Financial Services ETF $IYG Holdings Decreased by RiverFront Investment Group LLC

RiverFront Investment Group LLC decreased its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 12.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,418,402 shares of the company’s stock after selling 208,373 shares during the period. iShares U.S. Financial Services ETF accounts for about 2.4% of RiverFront Investment Group LLC’s holdings, making the stock its 17th largest position. RiverFront Investment Group LLC owned about 6.61% of iShares U.S. Financial Services ETF worth $121,415,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc. raised its stake in shares of iShares U.S. Financial Services ETF by 21.1% in the first quarter. Avantax Advisory Services Inc. now owns 8,841 shares of the company’s stock valued at $694,000 after purchasing an additional 1,542 shares in the last quarter. Cetera Investment Advisers increased its position in iShares U.S. Financial Services ETF by 0.7% in the 1st quarter. Cetera Investment Advisers now owns 45,419 shares of the company’s stock valued at $3,568,000 after acquiring an additional 314 shares in the last quarter. LPL Financial LLC raised its holdings in iShares U.S. Financial Services ETF by 5.7% during the 1st quarter. LPL Financial LLC now owns 459,449 shares of the company’s stock worth $36,090,000 after purchasing an additional 24,828 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in shares of iShares U.S. Financial Services ETF in the 1st quarter worth $38,091,000. Finally, Chicago Partners Investment Group LLC lifted its stake in iShares U.S. Financial Services ETF by 7.2% in the first quarter. Chicago Partners Investment Group LLC now owns 3,512 shares of the company’s stock valued at $277,000 after buying an additional 237 shares during the period.

iShares U.S. Financial Services ETF Stock Performance

Shares of IYG opened at $86.93 on Tuesday. The firm’s 50 day moving average price is $88.35 and its two-hundred day moving average price is $86.45. The firm has a market cap of $1.88 billion, a P/E ratio of 18.95 and a beta of 1.11. iShares U.S. Financial Services ETF has a twelve month low of $65.98 and a twelve month high of $91.25.

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.