Foundations Investment Advisors LLC reduced its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG – Free Report) by 98.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,757 shares of the company’s stock after selling 380,060 shares during the period. Foundations Investment Advisors LLC’s holdings in iShares U.S. Financial Services ETF were worth $531,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of IYG. Sagespring Wealth Partners LLC acquired a new position in iShares U.S. Financial Services ETF in the 4th quarter worth about $53,175,000. Kozak & Associates Inc. increased its position in iShares U.S. Financial Services ETF by 30.8% in the 3rd quarter. Kozak & Associates Inc. now owns 417,733 shares of the company’s stock worth $35,875,000 after purchasing an additional 98,267 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares U.S. Financial Services ETF by 79.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 188,153 shares of the company’s stock worth $16,853,000 after acquiring an additional 83,297 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares U.S. Financial Services ETF by 279.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 111,441 shares of the company’s stock worth $10,280,000 after acquiring an additional 82,102 shares in the last quarter. Finally, Unique Wealth LLC bought a new stake in shares of iShares U.S. Financial Services ETF during the 4th quarter worth about $5,518,000.
iShares U.S. Financial Services ETF Stock Performance
IYG opened at $86.96 on Tuesday. The company has a market cap of $1.99 billion, a PE ratio of 18.95 and a beta of 0.98. The stock has a 50-day moving average of $85.94 and a 200-day moving average of $88.15. iShares U.S. Financial Services ETF has a 52-week low of $79.86 and a 52-week high of $95.75.
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. 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.
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