Apollon Wealth Management LLC Boosts Holdings in iShares U.S. Financial Services ETF $IYG

Apollon Wealth Management LLC increased its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,731 shares of the company’s stock after purchasing an additional 150 shares during the period. Apollon Wealth Management LLC’s holdings in iShares U.S. Financial Services ETF were worth $234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IYG. Sequoia Financial Advisors LLC purchased a new position in iShares U.S. Financial Services ETF in the first quarter worth about $248,000. Brown Advisory Inc. purchased a new position in iShares U.S. Financial Services ETF in the 1st quarter worth approximately $1,049,000. Cambridge Investment Research Advisors Inc. raised its holdings in iShares U.S. Financial Services ETF by 15.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,640 shares of the company’s stock worth $1,386,000 after acquiring an additional 2,354 shares during the last quarter. Magnus Financial Group LLC lifted its position in iShares U.S. Financial Services ETF by 20.6% in the 2nd quarter. Magnus Financial Group LLC now owns 3,659 shares of the company’s stock valued at $313,000 after acquiring an additional 624 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in iShares U.S. Financial Services ETF by 53.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,720 shares of the company’s stock valued at $528,000 after purchasing an additional 2,348 shares during the last quarter.

iShares U.S. Financial Services ETF Trading Up 0.8%

iShares U.S. Financial Services ETF stock opened at $86.84 on Friday. iShares U.S. Financial Services ETF has a 12 month low of $65.98 and a 12 month high of $91.25. The stock has a fifty day simple moving average of $88.67 and a two-hundred day simple moving average of $83.94. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 18.95 and a beta of 1.16.

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.