HighTower Advisors LLC lifted its position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG – Free Report) by 7.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,367 shares of the company’s stock after buying an additional 3,839 shares during the quarter. HighTower Advisors LLC owned approximately 0.26% of iShares U.S. Financial Services ETF worth $4,075,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of iShares U.S. Financial Services ETF in the fourth quarter valued at $43,292,000. Independent Advisor Alliance purchased a new stake in shares of iShares U.S. Financial Services ETF in the fourth quarter valued at $9,902,000. 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 fourth quarter valued at $7,607,000. Jane Street Group LLC purchased a new stake in shares of iShares U.S. Financial Services ETF in the third quarter valued at $2,496,000. Finally, IHT Wealth Management LLC lifted its position in shares of iShares U.S. Financial Services ETF by 107.2% in the third quarter. IHT Wealth Management LLC now owns 50,463 shares of the company’s stock valued at $3,575,000 after acquiring an additional 26,104 shares in the last quarter.
iShares U.S. Financial Services ETF Stock Performance
iShares U.S. Financial Services ETF stock opened at $78.29 on Friday. The stock has a fifty day moving average price of $81.08 and a 200 day moving average price of $77.62. iShares U.S. Financial Services ETF has a 52 week low of $62.13 and a 52 week high of $84.91. The firm has a market capitalization of $1.68 billion, a P/E ratio of 16.68 and a beta of 1.17.
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.
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