Savant Capital LLC Cuts Stake in iShares U.S. Financial Services ETF $IYG

Savant Capital LLC cut its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 15.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,385 shares of the company’s stock after selling 2,111 shares during the quarter. Savant Capital LLC owned approximately 0.05% of iShares U.S. Financial Services ETF worth $975,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its position in iShares U.S. Financial Services ETF by 23.5% during the 1st quarter. Cerity Partners LLC now owns 9,238 shares of the company’s stock valued at $726,000 after purchasing an additional 1,757 shares during the period. Sigma Planning Corp boosted its stake in shares of iShares U.S. Financial Services ETF by 9.5% during the first quarter. Sigma Planning Corp now owns 3,163 shares of the company’s stock valued at $248,000 after purchasing an additional 275 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of iShares U.S. Financial Services ETF during the first quarter valued at approximately $203,000. Private Advisor Group LLC increased its holdings in iShares U.S. Financial Services ETF by 50.4% during the first quarter. Private Advisor Group LLC now owns 155,282 shares of the company’s stock valued at $12,197,000 after buying an additional 52,060 shares during the period. Finally, Carnegie Investment Counsel raised its stake in iShares U.S. Financial Services ETF by 43.7% in the first quarter. Carnegie Investment Counsel now owns 7,650 shares of the company’s stock worth $547,000 after buying an additional 2,327 shares in the last quarter.

iShares U.S. Financial Services ETF Stock Down 1.7%

iShares U.S. Financial Services ETF stock opened at $88.67 on Friday. The firm has a market cap of $1.92 billion, a P/E ratio of 18.95 and a beta of 1.11. The business has a fifty day moving average of $88.72 and a two-hundred day moving average of $85.95. iShares U.S. Financial Services ETF has a twelve month low of $65.98 and a twelve month high of $91.25.

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.