Financial Freedom LLC Sells 454 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Financial Freedom LLC lessened its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 16.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,300 shares of the company’s stock after selling 454 shares during the period. Financial Freedom LLC’s holdings in iShares U.S. Financial Services ETF were worth $179,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Carnegie Investment Counsel raised its holdings in iShares U.S. Financial Services ETF by 2.6% during the 4th quarter. Carnegie Investment Counsel now owns 5,323 shares of the company’s stock valued at $414,000 after buying an additional 135 shares during the period. Park Avenue Securities LLC purchased a new stake in iShares U.S. Financial Services ETF during the 4th quarter valued at $341,000. Kozak & Associates Inc. raised its holdings in iShares U.S. Financial Services ETF by 4.4% during the 4th quarter. Kozak & Associates Inc. now owns 261,636 shares of the company’s stock valued at $20,518,000 after buying an additional 11,087 shares during the period. JPMorgan Chase & Co. raised its holdings in iShares U.S. Financial Services ETF by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 261,570 shares of the company’s stock valued at $18,577,000 after buying an additional 5,590 shares during the period. Finally, Financial Avengers Inc. purchased a new stake in iShares U.S. Financial Services ETF during the 3rd quarter valued at $28,000.

iShares U.S. Financial Services ETF Stock Performance

NYSEARCA:IYG opened at $81.43 on Monday. The stock’s fifty day moving average is $79.53 and its 200 day moving average is $73.63. iShares U.S. Financial Services ETF has a fifty-two week low of $57.93 and a fifty-two week high of $82.77. The firm has a market capitalization of $1.64 billion, a PE ratio of 5.95 and a beta of 0.91.

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.