Union Bancaire Privee UBP SA Acquires New Stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Union Bancaire Privee UBP SA bought a new position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 3,000 shares of the company’s stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of IYG. Roxbury Financial LLC acquired a new position in shares of iShares U.S. Financial Services ETF during the fourth quarter worth about $25,000. Financial Avengers Inc. bought a new stake in iShares U.S. Financial Services ETF in the 3rd quarter valued at approximately $28,000. Comprehensive Financial Planning Inc. PA acquired a new position in iShares U.S. Financial Services ETF during the 4th quarter worth approximately $50,000. EP Wealth Advisors LLC grew its stake 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 acquiring an additional 494 shares in the last quarter. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the third quarter worth $205,000.

iShares U.S. Financial Services ETF Trading Up 0.1 %

Shares of IYG opened at $81.96 on Tuesday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 17.45 and a beta of 0.91. iShares U.S. Financial Services ETF has a 12 month low of $62.13 and a 12 month high of $84.91. The firm has a fifty day simple moving average of $80.87 and a 200 day simple moving average of $76.42.

iShares U.S. Financial Services ETF 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.