Stephens Inc. AR Sells 240 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Stephens Inc. AR lessened its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,935 shares of the company’s stock after selling 240 shares during the quarter. Stephens Inc. AR owned approximately 0.09% of iShares U.S. Financial Services ETF worth $1,473,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Baltimore Washington Financial Advisors Inc. lifted its stake in iShares U.S. Financial Services ETF by 2.1% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 389,794 shares of the company’s stock valued at $30,330,000 after buying an additional 8,000 shares during the period. Southern Capital Advisors LLC raised its position in shares of iShares U.S. Financial Services ETF by 15.1% during the fourth quarter. Southern Capital Advisors LLC now owns 58,963 shares of the company’s stock worth $4,588,000 after purchasing an additional 7,724 shares during the period. Fifth Third Securities Inc. lifted its holdings in shares of iShares U.S. Financial Services ETF by 4.7% during the 4th quarter. Fifth Third Securities Inc. now owns 22,636 shares of the company’s stock valued at $1,761,000 after purchasing an additional 1,012 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of iShares U.S. Financial Services ETF in the 4th quarter valued at approximately $233,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of iShares U.S. Financial Services ETF in the 4th quarter valued at approximately $550,000.

iShares U.S. Financial Services ETF Stock Performance

Shares of IYG stock opened at $83.25 on Thursday. iShares U.S. Financial Services ETF has a 52 week low of $60.38 and a 52 week high of $84.91. The company’s 50 day moving average price is $80.35 and its two-hundred day moving average price is $75.48. The company has a market capitalization of $1.68 billion, a P/E ratio of 5.95 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.