Aptus Capital Advisors LLC Acquires 1,649 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Aptus Capital Advisors LLC grew its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 308.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,184 shares of the company’s stock after purchasing an additional 1,649 shares during the period. Aptus Capital Advisors LLC’s holdings in iShares U.S. Financial Services ETF were worth $170,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in iShares U.S. Financial Services ETF by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 261,570 shares of the company’s stock worth $18,577,000 after purchasing an additional 5,590 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the fourth quarter worth $341,000. Carnegie Investment Counsel increased its position in iShares U.S. Financial Services ETF by 2.6% during the fourth quarter. Carnegie Investment Counsel now owns 5,323 shares of the company’s stock valued at $414,000 after acquiring an additional 135 shares during the last quarter. Magnus Financial Group LLC bought a new position in iShares U.S. Financial Services ETF in the fourth quarter valued at about $205,000. Finally, Geneos Wealth Management Inc. boosted its position in iShares U.S. Financial Services ETF by 5.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 21,756 shares of the company’s stock worth $1,693,000 after purchasing an additional 1,110 shares during the last quarter.

iShares U.S. Financial Services ETF Price Performance

NYSEARCA IYG opened at $79.78 on Friday. The company has a 50-day moving average price of $76.19 and a 200-day moving average price of $78.76. iShares U.S. Financial Services ETF has a 52 week low of $63.60 and a 52 week high of $84.91. The firm has a market capitalization of $1.67 billion, a P/E ratio of 16.59 and a beta of 1.11.

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.