NewEdge Advisors LLC Sells 36,513 Shares of iShares U.S. Financial Services ETF $IYG

NewEdge Advisors LLC cut its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 77.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,794 shares of the company’s stock after selling 36,513 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares U.S. Financial Services ETF were worth $894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RiverFront Investment Group LLC grew its position in iShares U.S. Financial Services ETF by 0.7% in the fourth quarter. RiverFront Investment Group LLC now owns 1,449,021 shares of the company’s stock valued at $133,672,000 after acquiring an additional 10,089 shares during the last quarter. Morgan Stanley lifted its holdings in shares of iShares U.S. Financial Services ETF by 0.4% in the fourth quarter. Morgan Stanley now owns 1,079,849 shares of the company’s stock worth $99,616,000 after acquiring an additional 4,054 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares U.S. Financial Services ETF by 234.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,031,721 shares of the company’s stock valued at $95,176,000 after purchasing an additional 723,555 shares in the last quarter. OpenArc Corporate Advisory LLC acquired a new stake in shares of iShares U.S. Financial Services ETF in the 4th quarter valued at approximately $55,635,000. Finally, Dynasty Wealth Management LLC bought a new stake in shares of iShares U.S. Financial Services ETF during the 4th quarter valued at approximately $49,084,000.

iShares U.S. Financial Services ETF Price Performance

IYG stock opened at $97.57 on Wednesday. The company has a 50 day simple moving average of $93.91 and a 200 day simple moving average of $89.04. The stock has a market cap of $2.22 billion, a price-to-earnings 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 $98.39.

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. 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.