Consolidated Capital Management LLC Trims Stock Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Consolidated Capital Management LLC reduced its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 3.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,771 shares of the company’s stock after selling 237 shares during the period. Consolidated Capital Management LLC’s holdings in iShares U.S. Financial Services ETF were worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. RiverFront Investment Group LLC raised its stake in iShares U.S. Financial Services ETF by 2.7% during the 2nd quarter. RiverFront Investment Group LLC now owns 1,448,241 shares of the company’s stock worth $94,440,000 after acquiring an additional 38,283 shares during the period. Baltimore Washington Financial Advisors Inc. raised its position in shares of iShares U.S. Financial Services ETF by 2.2% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 381,794 shares of the company’s stock valued at $27,115,000 after purchasing an additional 8,367 shares during the period. Kozak & Associates Inc. raised its position in shares of iShares U.S. Financial Services ETF by 4.4% during the 4th quarter. Kozak & Associates Inc. now owns 261,636 shares of the company’s stock valued at $20,518,000 after purchasing an additional 11,087 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of iShares U.S. Financial Services ETF by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 261,570 shares of the company’s stock valued at $18,577,000 after buying an additional 5,590 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in iShares U.S. Financial Services ETF by 7,787.3% in the 3rd quarter. International Assets Investment Management LLC now owns 260,834 shares of the company’s stock worth $18,524,000 after buying an additional 257,527 shares in the last quarter.

iShares U.S. Financial Services ETF Stock Up 1.1 %

NYSEARCA:IYG opened at $81.43 on Monday. The stock has a market cap of $1.64 billion, a PE ratio of 5.95 and a beta of 0.91. The business’s 50-day simple moving average is $79.53 and its two-hundred day simple moving average is $73.63. iShares U.S. Financial Services ETF has a 52 week low of $57.93 and a 52 week high of $82.77.

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.