Scotia Capital Inc. reduced its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG – Free Report) by 1.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 67,289 shares of the company’s stock after selling 1,067 shares during the period. Scotia Capital Inc.’s holdings in iShares U.S. Financial Services ETF were worth $5,236,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of IYG. Raymond James Financial Inc. acquired a new stake in shares of iShares U.S. Financial Services ETF during the 4th quarter worth approximately $43,292,000. Bernard Wealth Management Corp. acquired a new stake in iShares U.S. Financial Services ETF in the fourth quarter worth $584,000. Bank of Montreal Can lifted its stake in iShares U.S. Financial Services ETF by 1.2% in the fourth quarter. Bank of Montreal Can now owns 152,162 shares of the company’s stock valued at $11,840,000 after buying an additional 1,794 shares during the last quarter. National Bank of Canada FI lifted its stake in iShares U.S. Financial Services ETF by 3.9% in the fourth quarter. National Bank of Canada FI now owns 23,665 shares of the company’s stock valued at $1,841,000 after buying an additional 891 shares during the last quarter. Finally, Riggs Capital Management LLC acquired a new position in shares of iShares U.S. Financial Services ETF during the fourth quarter valued at $356,000.
iShares U.S. Financial Services ETF Stock Up 1.8 %
IYG stock opened at $73.32 on Friday. The stock has a market cap of $1.58 billion, a PE ratio of 16.68 and a beta of 1.17. The firm’s 50-day simple moving average is $78.85 and its 200 day simple moving average is $78.24. iShares U.S. Financial Services ETF has a fifty-two week low of $62.13 and a fifty-two week high of $84.91.
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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