iShares U.S. Financial Services ETF (NYSEARCA:IYG) Shares Acquired by Southern Capital Advisors LLC

Southern Capital Advisors LLC boosted its stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 15.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 58,963 shares of the company’s stock after purchasing an additional 7,724 shares during the period. iShares U.S. Financial Services ETF accounts for 2.5% of Southern Capital Advisors LLC’s holdings, making the stock its 10th biggest holding. Southern Capital Advisors LLC’s holdings in iShares U.S. Financial Services ETF were worth $4,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of IYG. Creative Planning increased its holdings in shares of iShares U.S. Financial Services ETF by 8.2% in the 2nd quarter. Creative Planning now owns 21,180 shares of the company’s stock worth $1,381,000 after acquiring an additional 1,604 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of iShares U.S. Financial Services ETF by 139.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 8,416 shares of the company’s stock valued at $549,000 after purchasing an additional 4,902 shares during the period. Truist Financial Corp increased its stake in shares of iShares U.S. Financial Services ETF by 3.4% in the second quarter. Truist Financial Corp now owns 82,149 shares of the company’s stock valued at $5,357,000 after purchasing an additional 2,707 shares during the period. Cetera Investment Advisers boosted its position in shares of iShares U.S. Financial Services ETF by 1.8% during the second quarter. Cetera Investment Advisers now owns 32,701 shares of the company’s stock worth $2,132,000 after buying an additional 569 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of iShares U.S. Financial Services ETF during the second quarter worth approximately $954,000.

iShares U.S. Financial Services ETF Price Performance

IYG opened at $84.10 on Friday. iShares U.S. Financial Services ETF has a 12 month low of $60.09 and a 12 month high of $84.62. The stock has a market cap of $1.70 billion, a P/E ratio of 5.95 and a beta of 0.91. The stock’s 50 day moving average price is $79.98 and its 200 day moving average price is $74.49.

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.