Garrison Point Advisors LLC Trims Stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Garrison Point Advisors LLC lowered its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,645 shares of the company’s stock after selling 200 shares during the period. Garrison Point Advisors LLC owned 0.07% of iShares U.S. Financial Services ETF worth $969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IYG. Indiana Trust & Investment Management CO raised its holdings in iShares U.S. Financial Services ETF by 100.0% in the first quarter. Indiana Trust & Investment Management CO now owns 402 shares of the company’s stock worth $27,000 after purchasing an additional 201 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares U.S. Financial Services ETF in the 2nd quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares U.S. Financial Services ETF during the 3rd quarter valued at about $38,000. Carolinas Wealth Consulting LLC boosted its stake in iShares U.S. Financial Services ETF by 344.4% during the second quarter. Carolinas Wealth Consulting LLC now owns 600 shares of the company’s stock worth $39,000 after acquiring an additional 465 shares in the last quarter. Finally, Mather Group LLC. boosted its stake in iShares U.S. Financial Services ETF by 200.0% during the second quarter. Mather Group LLC. now owns 606 shares of the company’s stock worth $40,000 after acquiring an additional 404 shares in the last quarter.

iShares U.S. Financial Services ETF Stock Performance

Shares of NYSEARCA IYG opened at $74.41 on Friday. The company has a 50 day simple moving average of $71.06 and a two-hundred day simple moving average of $67.62. iShares U.S. Financial Services ETF has a fifty-two week low of $48.21 and a fifty-two week high of $75.48. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91.

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.