NewEdge Advisors LLC Trims Stock Position in iShares U.S. Financial Services ETF $IYG

NewEdge Advisors LLC lessened its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 81.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 8,883 shares of the company’s stock after selling 38,424 shares during the period. NewEdge Advisors LLC’s holdings in iShares U.S. Financial Services ETF were worth $736,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lido Advisors LLC grew its position in iShares U.S. Financial Services ETF by 3.7% during the third quarter. Lido Advisors LLC now owns 3,336 shares of the company’s stock valued at $299,000 after buying an additional 120 shares during the period. Capital Advisors Ltd. LLC increased its holdings in iShares U.S. Financial Services ETF by 49.8% during the first quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock valued at $31,000 after buying an additional 126 shares during the last quarter. Comerica Bank increased its holdings in iShares U.S. Financial Services ETF by 0.5% during the third quarter. Comerica Bank now owns 27,416 shares of the company’s stock valued at $2,458,000 after buying an additional 131 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in iShares U.S. Financial Services ETF by 9.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,756 shares of the company’s stock worth $162,000 after acquiring an additional 150 shares during the period. Finally, D.A. Davidson & CO. raised its position in iShares U.S. Financial Services ETF by 4.1% in the first quarter. D.A. Davidson & CO. now owns 4,786 shares of the company’s stock worth $396,000 after acquiring an additional 188 shares during the period.

iShares U.S. Financial Services ETF Price Performance

Shares of iShares U.S. Financial Services ETF stock opened at $95.52 on Monday. The company’s fifty day simple moving average is $91.52 and its 200-day simple moving average is $88.50. The stock has a market capitalization of $2.17 billion, a PE ratio of 18.95 and a beta of 0.96. iShares U.S. Financial Services ETF has a 1-year low of $79.86 and a 1-year high of $96.29.

About iShares U.S. Financial Services ETF

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.