127,252 Shares in iShares U.S. Financial Services ETF (NYSEARCA:IYG) Bought by Independent Advisor Alliance

Independent Advisor Alliance purchased a new position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 127,252 shares of the company’s stock, valued at approximately $9,902,000. Independent Advisor Alliance owned about 0.63% of iShares U.S. Financial Services ETF at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IYG. Roxbury Financial LLC purchased a new stake in iShares U.S. Financial Services ETF during the 4th quarter worth about $25,000. Financial Avengers Inc. purchased a new stake in shares of iShares U.S. Financial Services ETF in the 3rd quarter valued at about $28,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of iShares U.S. Financial Services ETF in the 4th quarter valued at about $50,000. SRS Capital Advisors Inc. lifted its holdings in shares of iShares U.S. Financial Services ETF by 63.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 858 shares of the company’s stock valued at $67,000 after purchasing an additional 333 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of iShares U.S. Financial Services ETF by 103.5% in the 4th quarter. Private Trust Co. NA now owns 1,160 shares of the company’s stock valued at $90,000 after purchasing an additional 590 shares during the last quarter.

iShares U.S. Financial Services ETF Stock Performance

iShares U.S. Financial Services ETF stock opened at $75.47 on Tuesday. iShares U.S. Financial Services ETF has a fifty-two week low of $62.13 and a fifty-two week high of $84.91. The company has a market capitalization of $1.62 billion, a P/E ratio of 16.68 and a beta of 1.17. The stock has a 50-day simple moving average of $81.32 and a 200-day simple moving average of $77.38.

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.