Truist Financial Corp Decreases Stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Truist Financial Corp reduced its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 0.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 77,156 shares of the company’s stock after selling 619 shares during the period. Truist Financial Corp’s holdings in iShares U.S. Financial Services ETF were worth $6,004,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Roxbury Financial LLC purchased a new stake in shares of iShares U.S. Financial Services ETF during the 4th quarter worth $25,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of iShares U.S. Financial Services ETF in the 4th quarter worth about $7,607,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of iShares U.S. Financial Services ETF in the 4th quarter worth about $50,000. Savant Capital LLC acquired a new stake in iShares U.S. Financial Services ETF in the 4th quarter valued at about $1,098,000. Finally, Baltimore Washington Financial Advisors Inc. grew its stake in iShares U.S. Financial Services ETF by 2.1% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 389,794 shares of the company’s stock valued at $30,330,000 after acquiring an additional 8,000 shares during the last quarter.

iShares U.S. Financial Services ETF Trading Down 1.5 %

Shares of NYSEARCA IYG opened at $81.88 on Friday. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 17.45 and a beta of 0.91. iShares U.S. Financial Services ETF has a 52 week low of $62.13 and a 52 week high of $84.91. The company’s 50-day moving average price is $80.87 and its 200 day moving average price is $76.26.

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.