iShares U.S. Financial Services ETF $IYG Holdings Reduced by Royal Bank of Canada

Royal Bank of Canada lowered its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 5.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 419,852 shares of the company’s stock after selling 23,942 shares during the quarter. Royal Bank of Canada’s holdings in iShares U.S. Financial Services ETF were worth $34,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. RiverFront Investment Group LLC grew its holdings in iShares U.S. Financial Services ETF by 0.7% in the 4th quarter. RiverFront Investment Group LLC now owns 1,449,021 shares of the company’s stock worth $133,672,000 after buying an additional 10,089 shares in the last quarter. Morgan Stanley raised its stake in iShares U.S. Financial Services ETF by 0.4% during the 4th quarter. Morgan Stanley now owns 1,079,849 shares of the company’s stock valued at $99,616,000 after acquiring an additional 4,054 shares in the last quarter. JPMorgan Chase & Co. raised its stake in iShares U.S. Financial Services ETF by 234.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,031,721 shares of the company’s stock valued at $95,176,000 after acquiring an additional 723,555 shares in the last quarter. OpenArc Corporate Advisory LLC acquired a new position in iShares U.S. Financial Services ETF during the 4th quarter worth $55,635,000. Finally, Dynasty Wealth Management LLC acquired a new position in iShares U.S. Financial Services ETF during the 4th quarter worth $49,084,000.

iShares U.S. Financial Services ETF Stock Performance

NYSEARCA:IYG opened at $96.43 on Tuesday. iShares U.S. Financial Services ETF has a 1 year low of $79.86 and a 1 year high of $96.54. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 18.95 and a beta of 0.96. The business has a fifty day moving average of $91.69 and a 200-day moving average of $88.54.

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.