Wells Fargo & Company MN Cuts Stock Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Wells Fargo & Company MN lessened its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 44.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 66,345 shares of the company’s stock after selling 52,778 shares during the quarter. Wells Fargo & Company MN’s holdings in iShares U.S. Financial Services ETF were worth $6,812,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. bought a new position in iShares U.S. Financial Services ETF in the fourth quarter worth approximately $26,000. FMR LLC increased its holdings in shares of iShares U.S. Financial Services ETF by 6.9% in the 1st quarter. FMR LLC now owns 3,766 shares of the company’s stock valued at $471,000 after acquiring an additional 242 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares U.S. Financial Services ETF by 37.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 983 shares of the company’s stock worth $149,000 after acquiring an additional 268 shares in the last quarter. Carolinas Wealth Consulting LLC bought a new position in shares of iShares U.S. Financial Services ETF in the 4th quarter worth $43,000. Finally, Stratos Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Financial Services ETF during the 1st quarter worth $42,000.

IYG opened at $117.67 on Wednesday. The business’s 50-day moving average is $119.73 and its two-hundred day moving average is $129.39. iShares U.S. Financial Services ETF has a 1 year low of $86.42 and a 1 year high of $156.97.

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.

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Want to see what other hedge funds are holding IYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Financial Services ETF (NYSEARCA:IYG).

Institutional Ownership by Quarter for iShares U.S. Financial Services ETF (NYSEARCA:IYG)

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