iShares U.S. Financial Services ETF $IYG Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 3.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 198,083 shares of the company’s stock after selling 6,284 shares during the period. Janney Montgomery Scott LLC owned approximately 0.87% of iShares U.S. Financial Services ETF worth $16,409,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Centerline Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter valued at $4,686,000. Baltimore Washington Financial Advisors Inc. increased its position in shares of iShares U.S. Financial Services ETF by 2.8% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 404,827 shares of the company’s stock valued at $36,289,000 after acquiring an additional 11,164 shares during the period. Cyndeo Wealth Partners LLC purchased a new position in iShares U.S. Financial Services ETF in the 4th quarter worth $1,177,000. Private Advisor Group LLC raised its stake in iShares U.S. Financial Services ETF by 4.9% in the 3rd quarter. Private Advisor Group LLC now owns 171,228 shares of the company’s stock worth $15,349,000 after acquiring an additional 8,043 shares during the last quarter. Finally, Unique Wealth LLC acquired a new stake in iShares U.S. Financial Services ETF during the 4th quarter worth about $5,518,000.

iShares U.S. Financial Services ETF Stock Performance

Shares of IYG opened at $90.47 on Wednesday. The stock has a 50-day moving average of $88.24 and a two-hundred day moving average of $88.33. The stock has a market cap of $2.07 billion, a P/E ratio of 18.95 and a beta of 0.97. iShares U.S. Financial Services ETF has a one year low of $79.86 and a one year high of $95.75.

iShares U.S. Financial Services ETF 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. 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.