Foundations Investment Advisors LLC Buys 20,565 Shares of iShares U.S. Financial Services ETF $IYG

Foundations Investment Advisors LLC lifted its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 4.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 505,496 shares of the company’s stock after acquiring an additional 20,565 shares during the period. Foundations Investment Advisors LLC’s holdings in iShares U.S. Financial Services ETF were worth $43,270,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd boosted its position in iShares U.S. Financial Services ETF by 85.7% during the 1st quarter. Y.D. More Investments Ltd now owns 650 shares of the company’s stock valued at $51,000 after buying an additional 300 shares during the period. Keener Financial Planning LLC purchased a new stake in shares of iShares U.S. Financial Services ETF during the second quarter worth about $77,000. CX Institutional bought a new stake in shares of iShares U.S. Financial Services ETF in the second quarter worth about $81,000. Bessemer Group Inc. grew its stake in shares of iShares U.S. Financial Services ETF by 186.6% in the second quarter. Bessemer Group Inc. now owns 1,006 shares of the company’s stock worth $86,000 after purchasing an additional 655 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in iShares U.S. Financial Services ETF during the 1st quarter valued at about $203,000.

iShares U.S. Financial Services ETF Stock Performance

NYSEARCA IYG opened at $87.78 on Friday. The stock has a market cap of $1.90 billion, a P/E ratio of 18.95 and a beta of 1.11. iShares U.S. Financial Services ETF has a fifty-two week low of $65.98 and a fifty-two week high of $91.25. The stock has a 50 day simple moving average of $88.72 and a two-hundred day simple moving average of $86.03.

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.