iShares U.S. Financial Services ETF $IYG Shares Sold by Centerline Wealth Advisors LLC

Centerline Wealth Advisors LLC decreased its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 30.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,093 shares of the company’s stock after selling 20,227 shares during the period. iShares U.S. Financial Services ETF comprises about 1.3% of Centerline Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Centerline Wealth Advisors LLC owned about 0.20% of iShares U.S. Financial Services ETF worth $4,170,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in iShares U.S. Financial Services ETF by 234.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,031,721 shares of the company’s stock valued at $95,176,000 after buying an additional 723,555 shares in the last quarter. OpenArc Corporate Advisory LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the 4th quarter valued at approximately $55,635,000. Dynasty Wealth Management LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the 4th quarter valued at approximately $49,084,000. Ameriprise Financial Inc. raised its position in shares of iShares U.S. Financial Services ETF by 79.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 188,153 shares of the company’s stock valued at $16,853,000 after acquiring an additional 83,297 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of iShares U.S. Financial Services ETF by 279.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 111,441 shares of the company’s stock valued at $10,280,000 after acquiring an additional 82,102 shares in the last quarter.

iShares U.S. Financial Services ETF Price Performance

Shares of IYG opened at $96.77 on Wednesday. The business’s fifty day moving average price is $95.97 and its 200 day moving average price is $89.84. iShares U.S. Financial Services ETF has a 12-month low of $79.86 and a 12-month high of $98.66. The stock has a market capitalization of $2.20 billion, a PE ratio of 18.95 and a beta of 0.96.

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. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.