iShares U.S. Financial Services ETF (NYSEARCA:IYG) Position Increased by Bank of America Corp DE

Bank of America Corp DE raised its holdings in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 462,205 shares of the company’s stock after purchasing an additional 35,579 shares during the period. Bank of America Corp DE owned about 2.29% of iShares U.S. Financial Services ETF worth $35,964,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. RiverFront Investment Group LLC grew its position in shares of iShares U.S. Financial Services ETF by 3.3% during the fourth quarter. RiverFront Investment Group LLC now owns 1,556,433 shares of the company’s stock worth $121,106,000 after acquiring an additional 49,743 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of iShares U.S. Financial Services ETF during the fourth quarter worth about $43,292,000. LPL Financial LLC grew its position in shares of iShares U.S. Financial Services ETF by 4.5% during the fourth quarter. LPL Financial LLC now owns 434,621 shares of the company’s stock worth $33,818,000 after acquiring an additional 18,688 shares during the last quarter. Baltimore Washington Financial Advisors Inc. grew its position in shares of iShares U.S. Financial Services ETF by 2.1% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 389,794 shares of the company’s stock worth $30,330,000 after acquiring an additional 8,000 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of iShares U.S. Financial Services ETF by 2.0% during the fourth quarter. JPMorgan Chase & Co. now owns 266,673 shares of the company’s stock worth $20,750,000 after acquiring an additional 5,103 shares during the last quarter.

iShares U.S. Financial Services ETF Stock Performance

iShares U.S. Financial Services ETF stock opened at $82.89 on Friday. The company has a 50-day simple moving average of $76.55 and a 200-day simple moving average of $78.99. The firm has a market capitalization of $1.74 billion, a P/E ratio of 16.59 and a beta of 1.11. iShares U.S. Financial Services ETF has a one year low of $63.60 and a one year high of $84.91.

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.