Private Trust Co. NA Purchases 590 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Private Trust Co. NA boosted its position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 103.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,160 shares of the company’s stock after acquiring an additional 590 shares during the period. Private Trust Co. NA’s holdings in iShares U.S. Financial Services ETF were worth $90,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IYG. Howard Capital Management Group LLC boosted its position 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 acquiring an additional 2,392 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in iShares U.S. Financial Services ETF by 6.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,507 shares of the company’s stock valued at $249,000 after purchasing an additional 213 shares in the last quarter. Objective Capital Management LLC bought a new position in iShares U.S. Financial Services ETF during the third quarter valued at $416,000. Sigma Planning Corp purchased a new position in shares of iShares U.S. Financial Services ETF in the 3rd quarter worth $207,000. Finally, GSA Capital Partners LLP increased its holdings in shares of iShares U.S. Financial Services ETF by 22.7% in the 3rd quarter. GSA Capital Partners LLP now owns 3,892 shares of the company’s stock worth $276,000 after buying an additional 720 shares during the last quarter.

iShares U.S. Financial Services ETF Trading Down 3.8 %

Shares of NYSEARCA IYG opened at $79.35 on Wednesday. iShares U.S. Financial Services ETF has a 12-month low of $62.13 and a 12-month high of $84.91. The firm’s 50-day moving average price is $81.38 and its 200-day moving average price is $77.13. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 17.45 and a beta of 0.91.

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.