iShares U.S. Financial Services ETF (NYSEARCA:IYG) Holdings Trimmed by Focus Financial Network Inc.

Focus Financial Network Inc. cut its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 2.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,440 shares of the company’s stock after selling 494 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares U.S. Financial Services ETF were worth $1,357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Union Bancaire Privee UBP SA acquired a new position in shares of iShares U.S. Financial Services ETF in the 4th quarter worth approximately $233,000. GSA Capital Partners LLP grew its position in iShares U.S. Financial Services ETF by 22.7% in the third quarter. GSA Capital Partners LLP now owns 3,892 shares of the company’s stock worth $276,000 after buying an additional 720 shares during the last quarter. Jane Street Group LLC bought a new position in shares of iShares U.S. Financial Services ETF in the third quarter valued at $2,496,000. JPMorgan Chase & Co. lifted its position 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 last quarter. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of iShares U.S. Financial Services ETF during the 3rd quarter worth $205,000.

iShares U.S. Financial Services ETF Stock Up 0.4 %

Shares of NYSEARCA IYG opened at $83.67 on Wednesday. iShares U.S. Financial Services ETF has a 52-week low of $60.38 and a 52-week high of $84.91. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91. The stock’s fifty day simple moving average is $80.29 and its 200 day simple moving average is $75.38.

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.