Truist Financial Corp Lowers Stock Position in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Truist Financial Corp lessened its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 0.8% 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 77,156 shares of the company’s stock after selling 619 shares during the quarter. Truist Financial Corp owned 0.38% of iShares U.S. Financial Services ETF worth $6,004,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Roxbury Financial LLC purchased a new position in shares of iShares U.S. Financial Services ETF in the fourth quarter valued at approximately $25,000. Financial Avengers Inc. purchased a new position in shares of iShares U.S. Financial Services ETF in the third quarter valued at approximately $28,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of iShares U.S. Financial Services ETF in the fourth quarter valued at approximately $50,000. EP Wealth Advisors LLC boosted its stake in shares of iShares U.S. Financial Services ETF by 28.2% in the third quarter. EP Wealth Advisors LLC now owns 2,247 shares of the company’s stock valued at $160,000 after purchasing an additional 494 shares during the period. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of iShares U.S. Financial Services ETF in the third quarter valued at approximately $205,000.

iShares U.S. Financial Services ETF Stock Performance

NYSEARCA IYG opened at $81.88 on Friday. The firm has a 50 day simple moving average of $80.87 and a 200-day simple moving average of $76.26. iShares U.S. Financial Services ETF has a one year low of $62.13 and a one year high of $84.91. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 17.45 and a beta of 0.91.

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.