RiverFront Investment Group LLC Buys 10,089 Shares of iShares U.S. Financial Services ETF $IYG

RiverFront Investment Group LLC lifted its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,449,021 shares of the company’s stock after purchasing an additional 10,089 shares during the quarter. iShares U.S. Financial Services ETF comprises 2.2% of RiverFront Investment Group LLC’s investment portfolio, making the stock its 16th biggest holding. RiverFront Investment Group LLC owned about 6.34% of iShares U.S. Financial Services ETF worth $133,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. AlphaCore Capital LLC boosted its position in shares of iShares U.S. Financial Services ETF by 430.4% during the 4th quarter. AlphaCore Capital LLC now owns 2,774 shares of the company’s stock worth $256,000 after purchasing an additional 2,251 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares U.S. Financial Services ETF by 279.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 111,441 shares of the company’s stock worth $10,280,000 after purchasing an additional 82,102 shares in the last quarter. Allworth Financial LP boosted its position in shares of iShares U.S. Financial Services ETF by 121.3% during the 4th quarter. Allworth Financial LP now owns 1,746 shares of the company’s stock worth $161,000 after purchasing an additional 957 shares in the last quarter. Argos Wealth Advisors LLC bought a new position in shares of iShares U.S. Financial Services ETF during the 4th quarter worth about $299,000. Finally, Brandywine Oak Private Wealth LLC bought a new position in shares of iShares U.S. Financial Services ETF during the 4th quarter worth about $297,000.

iShares U.S. Financial Services ETF Stock Performance

Shares of NYSEARCA IYG opened at $86.21 on Monday. iShares U.S. Financial Services ETF has a fifty-two week low of $79.86 and a fifty-two week high of $95.75. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 18.95 and a beta of 0.98. The firm’s 50-day simple moving average is $85.02 and its 200 day simple moving average is $88.25.

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. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.