Stephens Inc. AR Sells 240 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Stephens Inc. AR cut its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,935 shares of the company’s stock after selling 240 shares during the quarter. Stephens Inc. AR’s holdings in iShares U.S. Financial Services ETF were worth $1,473,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of IYG. Financial Avengers Inc. bought a new stake in iShares U.S. Financial Services ETF in the 3rd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares U.S. Financial Services ETF during the 3rd quarter worth about $38,000. EP Wealth Advisors LLC boosted its holdings in shares of iShares U.S. Financial Services ETF by 28.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 2,247 shares of the company’s stock worth $160,000 after buying an additional 494 shares during the period. Magnus Financial Group LLC acquired a new position in iShares U.S. Financial Services ETF in the 4th quarter valued at about $205,000. Finally, Capital Investment Advisors LLC bought a new position in iShares U.S. Financial Services ETF in the 3rd quarter valued at about $201,000.

iShares U.S. Financial Services ETF Stock Down 0.5 %

Shares of NYSEARCA:IYG opened at $83.25 on Thursday. iShares U.S. Financial Services ETF has a 12-month low of $60.38 and a 12-month high of $84.91. The business has a 50 day moving average of $80.35 and a 200-day moving average of $75.48. The stock has a market cap of $1.68 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.