iShares U.S. Financial Services ETF $IYG Shares Sold by Bank Hapoalim BM

Bank Hapoalim BM cut its stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,435 shares of the company’s stock after selling 483 shares during the quarter. Bank Hapoalim BM’s holdings in iShares U.S. Financial Services ETF were worth $636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of IYG. Baird Financial Group Inc. increased its position in shares of iShares U.S. Financial Services ETF by 1.5% during the 1st quarter. Baird Financial Group Inc. now owns 8,374 shares of the company’s stock worth $658,000 after purchasing an additional 127 shares during the last quarter. Signet Financial Management LLC increased its position in shares of iShares U.S. Financial Services ETF by 3.9% during the 2nd quarter. Signet Financial Management LLC now owns 3,812 shares of the company’s stock worth $326,000 after purchasing an additional 144 shares during the last quarter. Fifth Third Securities Inc. increased its position in shares of iShares U.S. Financial Services ETF by 0.9% during the 1st quarter. Fifth Third Securities Inc. now owns 22,840 shares of the company’s stock worth $1,794,000 after purchasing an additional 204 shares during the last quarter. Consolidated Capital Management LLC increased its position in shares of iShares U.S. Financial Services ETF by 3.6% during the 2nd quarter. Consolidated Capital Management LLC now owns 6,060 shares of the company’s stock worth $519,000 after purchasing an additional 213 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of iShares U.S. Financial Services ETF by 4.9% during the 2nd quarter. Park Avenue Securities LLC now owns 5,035 shares of the company’s stock worth $431,000 after purchasing an additional 234 shares during the last quarter.

iShares U.S. Financial Services ETF Trading Up 0.7%

Shares of NYSEARCA:IYG opened at $89.13 on Friday. The business has a 50-day moving average price of $88.40 and a 200 day moving average price of $83.28. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 18.95 and a beta of 1.16. iShares U.S. Financial Services ETF has a 12-month low of $65.98 and a 12-month high of $91.25.

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.