Envestnet Asset Management Inc. Sells 130,972 Shares of iShares U.S. Financial Services ETF $IYG

Envestnet Asset Management Inc. cut its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 9.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,296,325 shares of the company’s stock after selling 130,972 shares during the quarter. Envestnet Asset Management Inc. owned about 6.02% of iShares U.S. Financial Services ETF worth $110,965,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IYG. Baird Financial Group Inc. lifted its holdings in 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 in the last quarter. Signet Financial Management LLC grew its position in iShares U.S. Financial Services ETF by 3.9% during the second quarter. Signet Financial Management LLC now owns 3,812 shares of the company’s stock valued at $326,000 after acquiring an additional 144 shares during the last quarter. Apollon Wealth Management LLC raised its position in iShares U.S. Financial Services ETF by 5.8% in the 2nd quarter. Apollon Wealth Management LLC now owns 2,731 shares of the company’s stock worth $234,000 after purchasing an additional 150 shares during the period. US Bancorp DE increased its position in shares of iShares U.S. Financial Services ETF by 1.4% in the second quarter. US Bancorp DE now owns 11,225 shares of the company’s stock valued at $961,000 after acquiring an additional 156 shares during the period. Finally, Valmark Advisers Inc. raised its position in iShares U.S. Financial Services ETF by 6.0% during the 2nd quarter. Valmark Advisers Inc. now owns 3,471 shares of the company’s stock valued at $297,000 after purchasing an additional 195 shares during the last quarter.

iShares U.S. Financial Services ETF Trading Down 0.4%

Shares of iShares U.S. Financial Services ETF stock opened at $88.72 on Wednesday. The company’s fifty day simple moving average is $88.82 and its two-hundred day simple moving average is $84.84. The company has a market cap of $1.92 billion, a P/E ratio of 18.95 and a beta of 1.11. 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.