Baird Financial Group Inc. Has $642,000 Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Baird Financial Group Inc. lifted its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 29.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,247 shares of the company’s stock after acquiring an additional 1,884 shares during the quarter. Baird Financial Group Inc.’s holdings in iShares U.S. Financial Services ETF were worth $642,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Roxbury Financial LLC acquired a new position in iShares U.S. Financial Services ETF during the 4th quarter worth $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in iShares U.S. Financial Services ETF during the 4th quarter worth $50,000. Hopwood Financial Services Inc. acquired a new position in iShares U.S. Financial Services ETF during the 4th quarter worth $55,000. SRS Capital Advisors Inc. lifted its holdings in iShares U.S. Financial Services ETF by 63.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 858 shares of the company’s stock worth $67,000 after buying an additional 333 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new position in iShares U.S. Financial Services ETF during the 4th quarter worth $79,000.

iShares U.S. Financial Services ETF Stock Performance

NYSEARCA:IYG opened at $82.35 on Thursday. The stock’s fifty day moving average price is $76.40 and its two-hundred day moving average price is $78.93. iShares U.S. Financial Services ETF has a 52-week low of $63.60 and a 52-week high of $84.91. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 16.59 and a beta of 1.11.

iShares U.S. Financial Services ETF 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.