Adell Harriman & Carpenter Inc. Buys New Stake in iShares U.S. Financial Services ETF $IYG

Adell Harriman & Carpenter Inc. purchased a new stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the second quarter, HoldingsChannel reports. The institutional investor purchased 2,400 shares of the company’s stock, valued at approximately $205,000.

Several other large investors also recently bought and sold shares of IYG. Bessemer Group Inc. increased its position in shares of iShares U.S. Financial Services ETF by 186.6% during the second quarter. Bessemer Group Inc. now owns 1,006 shares of the company’s stock worth $86,000 after purchasing an additional 655 shares in the last quarter. WBH Advisory Inc. lifted its stake in iShares U.S. Financial Services ETF by 151.7% in the second quarter. WBH Advisory Inc. now owns 8,988 shares of the company’s stock valued at $769,000 after buying an additional 5,417 shares during the last quarter. SAM Advisors LLC boosted its holdings in shares of iShares U.S. Financial Services ETF by 2.0% in the second quarter. SAM Advisors LLC now owns 115,807 shares of the company’s stock valued at $9,913,000 after acquiring an additional 2,253 shares during the period. Koshinski Asset Management Inc. grew its position in shares of iShares U.S. Financial Services ETF by 2.3% during the second quarter. Koshinski Asset Management Inc. now owns 21,149 shares of the company’s stock worth $1,810,000 after acquiring an additional 466 shares during the last quarter. Finally, Harbor Asset Planning Inc. purchased a new position in shares of iShares U.S. Financial Services ETF during the second quarter worth approximately $550,000.

iShares U.S. Financial Services ETF Price Performance

Shares of NYSEARCA:IYG opened at $87.83 on Friday. iShares U.S. Financial Services ETF has a 1-year low of $65.98 and a 1-year high of $91.25. The stock has a market cap of $1.90 billion, a P/E ratio of 18.95 and a beta of 1.11. The firm has a fifty day moving average price of $88.84 and a 200 day moving average price of $84.96.

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.