Surevest Inc. Has $309,000 Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Surevest Inc. lessened its stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 67.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,306 shares of the company’s stock after selling 4,729 shares during the quarter. Surevest Inc.’s holdings in iShares U.S. Financial Services ETF were worth $309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC increased its position in iShares U.S. Financial Services ETF by 0.8% during the 1st quarter. VisionPoint Advisory Group LLC now owns 23,895 shares of the company’s stock worth $2,982,000 after buying an additional 178 shares during the period. Arbor Investment Advisors LLC acquired a new stake in shares of iShares U.S. Financial Services ETF during the first quarter valued at about $212,000. Belpointe Asset Management LLC acquired a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter valued at about $156,000. Nuveen Asset Management LLC acquired a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter valued at about $2,245,000. Finally, Castle Rock Wealth Management LLC acquired a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter valued at about $364,000.

Shares of IYG stock traded down $1.14 during mid-day trading on Thursday, reaching $139.49. 44,172 shares of the stock traded hands, compared to its average volume of 92,186. The business has a fifty day moving average price of $134.40. iShares U.S. Financial Services ETF has a 1-year low of $104.43 and a 1-year high of $140.74.

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.

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

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