NewEdge Advisors LLC Sells 38,424 Shares of iShares U.S. Financial Services ETF $IYG

NewEdge Advisors LLC decreased its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 81.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,883 shares of the company’s stock after selling 38,424 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares U.S. Financial Services ETF were worth $736,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IYG. Dynasty Wealth Management LLC purchased a new position in shares of iShares U.S. Financial Services ETF during the fourth quarter valued at approximately $49,084,000. Quotient Wealth Partners LLC boosted its holdings in iShares U.S. Financial Services ETF by 235.3% in the first quarter. Quotient Wealth Partners LLC now owns 8,336 shares of the company’s stock worth $691,000 after purchasing an additional 5,850 shares during the last quarter. Brendel Financial Advisors LLC purchased a new stake in iShares U.S. Financial Services ETF in the fourth quarter worth approximately $950,000. Unique Wealth LLC grew its position in iShares U.S. Financial Services ETF by 29.6% in the 1st quarter. Unique Wealth LLC now owns 77,515 shares of the company’s stock worth $6,421,000 after purchasing an additional 17,698 shares during the period. Finally, Mosley Wealth Management bought a new stake in iShares U.S. Financial Services ETF in the 4th quarter worth approximately $764,000.

iShares U.S. Financial Services ETF Stock Performance

Shares of IYG opened at $95.52 on Monday. The firm has a market cap of $2.17 billion, a PE ratio of 18.95 and a beta of 0.96. The firm has a fifty day simple moving average of $91.52 and a two-hundred day simple moving average of $88.50. iShares U.S. Financial Services ETF has a 1-year low of $79.86 and a 1-year high of $96.29.

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. 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.