Magnus Financial Group LLC purchased a new position in iShares U.S. Financial Services ETF (NYSEARCA:IYG – Free Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,636 shares of the company’s stock, valued at approximately $205,000.
A number of other institutional investors have also recently made changes to their positions in IYG. GSA Capital Partners LLP boosted its position in shares of iShares U.S. Financial Services ETF by 22.7% during the third quarter. GSA Capital Partners LLP now owns 3,892 shares of the company’s stock valued at $276,000 after buying an additional 720 shares during the last quarter. Jane Street Group LLC bought a new stake in iShares U.S. Financial Services ETF during the third quarter valued at about $2,496,000. JPMorgan Chase & Co. grew its stake in shares of iShares U.S. Financial Services ETF by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 261,570 shares of the company’s stock valued at $18,577,000 after acquiring an additional 5,590 shares during the period. OneDigital Investment Advisors LLC bought a new position in shares of iShares U.S. Financial Services ETF in the third quarter worth approximately $205,000. Finally, RiverFront Investment Group LLC increased its stake in iShares U.S. Financial Services ETF by 2.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,448,241 shares of the company’s stock worth $94,440,000 after buying an additional 38,283 shares in the last quarter.
iShares U.S. Financial Services ETF Trading Up 0.7 %
NYSEARCA IYG opened at $82.62 on Friday. iShares U.S. Financial Services ETF has a 12 month low of $60.00 and a 12 month high of $82.77. The stock’s 50 day moving average is $79.65 and its 200 day moving average is $73.91. The stock has a market cap of $1.67 billion, a PE ratio of 5.95 and a beta of 0.91.
iShares U.S. Financial Services ETF Company 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.
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