Ferguson Wellman Capital Management Inc. Cuts Position in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Ferguson Wellman Capital Management Inc. reduced its holdings in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,326 shares of the company’s stock after selling 380 shares during the quarter. Ferguson Wellman Capital Management Inc. owned 0.78% of iShares U.S. Financial Services ETF worth $12,319,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cetera Investment Advisers boosted its position in iShares U.S. Financial Services ETF by 1.8% during the 2nd quarter. Cetera Investment Advisers now owns 32,701 shares of the company’s stock worth $2,132,000 after purchasing an additional 569 shares during the period. Carnegie Investment Counsel lifted its stake in shares of iShares U.S. Financial Services ETF by 5.2% during the third quarter. Carnegie Investment Counsel now owns 5,188 shares of the company’s stock worth $368,000 after purchasing an additional 255 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares U.S. Financial Services ETF in the third quarter worth about $38,000. Verum Partners LLC acquired a new stake in shares of iShares U.S. Financial Services ETF in the third quarter valued at about $213,000. Finally, Howard Capital Management Group LLC raised its holdings in shares of iShares U.S. Financial Services ETF by 2.1% during the 3rd quarter. Howard Capital Management Group LLC now owns 114,452 shares of the company’s stock valued at $8,128,000 after buying an additional 2,392 shares during the period.

iShares U.S. Financial Services ETF Stock Performance

iShares U.S. Financial Services ETF stock opened at $84.13 on Monday. The firm has a market capitalization of $1.70 billion, a PE ratio of 5.95 and a beta of 0.91. iShares U.S. Financial Services ETF has a one year low of $60.38 and a one year high of $84.91. The stock’s 50 day moving average price is $80.26 and its 200 day moving average price is $75.22.

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.