Envestnet Asset Management Inc. Boosts Stock Position in iShares U.S. Financial Services ETF $IYG

Envestnet Asset Management Inc. lifted its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 2.1% in the third quarter, HoldingsChannel reports. The fund owned 1,323,623 shares of the company’s stock after acquiring an additional 27,298 shares during the period. Envestnet Asset Management Inc. owned approximately 0.06% of iShares U.S. Financial Services ETF worth $118,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of iShares U.S. Financial Services ETF by 17.4% in the first quarter. NewEdge Advisors LLC now owns 10,232 shares of the company’s stock worth $804,000 after purchasing an additional 1,517 shares during the period. Focus Partners Wealth lifted its stake in shares of iShares U.S. Financial Services ETF by 11.2% during the 1st quarter. Focus Partners Wealth now owns 6,826 shares of the company’s stock valued at $536,000 after buying an additional 685 shares in the last quarter. Valmark Advisers Inc. boosted its holdings in iShares U.S. Financial Services ETF by 6.0% in the 2nd quarter. Valmark Advisers Inc. now owns 3,471 shares of the company’s stock worth $297,000 after buying an additional 195 shares during the period. US Bancorp DE increased its stake in iShares U.S. Financial Services ETF by 1.4% in the 2nd quarter. US Bancorp DE now owns 11,225 shares of the company’s stock worth $961,000 after buying an additional 156 shares in the last quarter. Finally, Bernard Wealth Management Corp. raised its holdings in iShares U.S. Financial Services ETF by 26.3% during the second quarter. Bernard Wealth Management Corp. now owns 44,626 shares of the company’s stock valued at $3,820,000 after acquiring an additional 9,302 shares during the period.

iShares U.S. Financial Services ETF Stock Up 2.2%

NYSEARCA IYG opened at $91.98 on Friday. iShares U.S. Financial Services ETF has a twelve month low of $65.98 and a twelve month high of $95.75. The business has a 50-day moving average price of $91.85 and a 200-day moving average price of $89.45. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 18.95 and a beta of 1.11.

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. 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.