iShares U.S. Financial Services ETF (NYSEARCA:IYG) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 239,817 shares of the company’s stock after selling 3,302 shares during the period. Janney Montgomery Scott LLC owned about 1.19% of iShares U.S. Financial Services ETF worth $18,660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in IYG. Carnegie Investment Counsel increased its position in iShares U.S. Financial Services ETF by 2.6% during the fourth quarter. Carnegie Investment Counsel now owns 5,323 shares of the company’s stock worth $414,000 after buying an additional 135 shares during the period. Commerce Bank increased its holdings in shares of iShares U.S. Financial Services ETF by 5.4% in the 3rd quarter. Commerce Bank now owns 3,954 shares of the company’s stock valued at $281,000 after acquiring an additional 204 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in iShares U.S. Financial Services ETF by 6.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,507 shares of the company’s stock valued at $249,000 after purchasing an additional 213 shares during the last quarter. Wetzel Investment Advisors Inc. boosted its stake in iShares U.S. Financial Services ETF by 5.5% during the 3rd quarter. Wetzel Investment Advisors Inc. now owns 4,157 shares of the company’s stock worth $295,000 after purchasing an additional 215 shares during the period. Finally, Financial Avengers Inc. purchased a new position in iShares U.S. Financial Services ETF during the 3rd quarter worth $28,000.

iShares U.S. Financial Services ETF Stock Performance

Shares of NYSEARCA:IYG opened at $82.84 on Friday. iShares U.S. Financial Services ETF has a one year low of $60.05 and a one year high of $83.02. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91. The company has a 50-day simple moving average of $79.77 and a 200-day simple moving average of $74.09.

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.