Sequent Planning LLC Takes $683,000 Position in iShares U.S. Financial Services ETF $IYG

Sequent Planning LLC acquired a new position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the third quarter, HoldingsChannel reports. The institutional investor acquired 7,620 shares of the company’s stock, valued at approximately $683,000.

A number of other institutional investors and hedge funds also recently modified their holdings of IYG. PGIM Custom Harvest LLC raised its holdings in shares of iShares U.S. Financial Services ETF by 42.2% during the second quarter. PGIM Custom Harvest LLC now owns 305,036 shares of the company’s stock worth $26,111,000 after purchasing an additional 90,472 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of iShares U.S. Financial Services ETF by 2.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,323,623 shares of the company’s stock valued at $118,650,000 after buying an additional 27,298 shares during the period. Foundations Investment Advisors LLC grew its position in shares of iShares U.S. Financial Services ETF by 4.2% during the 2nd quarter. Foundations Investment Advisors LLC now owns 505,496 shares of the company’s stock valued at $43,270,000 after buying an additional 20,565 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares U.S. Financial Services ETF by 4.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 298,829 shares of the company’s stock valued at $25,580,000 after buying an additional 14,061 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in iShares U.S. Financial Services ETF by 43.8% during the second quarter. Advisory Services Network LLC now owns 28,084 shares of the company’s stock worth $2,444,000 after acquiring an additional 8,549 shares during the period.

iShares U.S. Financial Services ETF Stock Down 1.6%

Shares of NYSEARCA IYG opened at $84.27 on Friday. The firm’s 50-day moving average price is $90.13 and its two-hundred day moving average price is $89.51. iShares U.S. Financial Services ETF has a 52-week low of $65.98 and a 52-week high of $95.75. The stock has a market capitalization of $1.93 billion, a P/E ratio of 18.95 and a beta of 1.11.

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. 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.