Interchange Capital Partners LLC Lowers Stock Position in iShares U.S. Financial Services ETF $IYG

Interchange Capital Partners LLC lowered its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,293 shares of the company’s stock after selling 129 shares during the period. Interchange Capital Partners LLC’s holdings in iShares U.S. Financial Services ETF were worth $282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IYG. Foundations Investment Advisors LLC purchased a new stake in shares of iShares U.S. Financial Services ETF in the first quarter valued at about $38,091,000. Anfield Capital Management LLC purchased a new stake in shares of iShares U.S. Financial Services ETF in the first quarter valued at about $9,867,000. PGIM Custom Harvest LLC raised its holdings in shares of iShares U.S. Financial Services ETF by 57.2% in the first quarter. PGIM Custom Harvest LLC now owns 214,564 shares of the company’s stock valued at $16,854,000 after purchasing an additional 78,102 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of iShares U.S. Financial Services ETF by 50.4% in the first quarter. Private Advisor Group LLC now owns 155,282 shares of the company’s stock valued at $12,197,000 after purchasing an additional 52,060 shares during the last quarter. Finally, Kozak & Associates Inc. raised its holdings in shares of iShares U.S. Financial Services ETF by 18.5% in the second quarter. Kozak & Associates Inc. now owns 319,466 shares of the company’s stock valued at $27,554,000 after purchasing an additional 49,900 shares during the last quarter.

iShares U.S. Financial Services ETF Stock Performance

IYG opened at $88.72 on Monday. The firm has a market cap of $1.92 billion, a P/E ratio of 18.95 and a beta of 1.16. The firm has a 50-day moving average of $88.74 and a 200 day moving average of $84.63. iShares U.S. Financial Services ETF has a fifty-two week low of $65.98 and a fifty-two week 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.