iShares U.S. Financial Services ETF (IYG) Holdings Boosted by Bank of America Corp DE

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Bank of America Corp DE grew its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 837,310 shares of the company’s stock after buying an additional 43,863 shares during the period. Bank of America Corp DE owned approximately 0.07% of iShares U.S. Financial Services ETF worth $94,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of IYG. Ferguson Wellman Capital Management Inc. bought a new position in shares of iShares U.S. Financial Services ETF during the 4th quarter valued at about $23,720,000. Jane Street Group LLC bought a new position in shares of iShares U.S. Financial Services ETF during the 3rd quarter valued at about $6,173,000. Morgan Stanley lifted its holdings in shares of iShares U.S. Financial Services ETF by 8.6% during the 3rd quarter. Morgan Stanley now owns 533,718 shares of the company’s stock valued at $71,140,000 after purchasing an additional 42,453 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of iShares U.S. Financial Services ETF by 5.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 766,827 shares of the company’s stock valued at $86,092,000 after purchasing an additional 42,106 shares in the last quarter. Finally, WestEnd Advisors LLC lifted its holdings in shares of iShares U.S. Financial Services ETF by 16.6% during the 4th quarter. WestEnd Advisors LLC now owns 169,463 shares of the company’s stock valued at $19,026,000 after purchasing an additional 24,186 shares in the last quarter.

NYSEARCA:IYG opened at $122.36 on Friday. iShares U.S. Financial Services ETF has a fifty-two week low of $104.43 and a fifty-two week high of $140.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Thursday, March 21st will be issued a dividend of $0.5649 per share. This represents a $2.26 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, March 20th.

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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.

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Institutional Ownership by Quarter for iShares U.S. Financial Services ETF (NYSEARCA:IYG)

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