Cetera Investment Advisers Acquires 19,330 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Cetera Investment Advisers raised its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 75.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,105 shares of the company’s stock after buying an additional 19,330 shares during the period. Cetera Investment Advisers owned about 0.22% of iShares U.S. Financial Services ETF worth $3,510,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Baird Financial Group Inc. raised its stake in iShares U.S. Financial Services ETF by 29.6% in the fourth quarter. Baird Financial Group Inc. now owns 8,247 shares of the company’s stock valued at $642,000 after buying an additional 1,884 shares during the period. Bank of America Corp DE raised its stake in iShares U.S. Financial Services ETF by 8.3% in the fourth quarter. Bank of America Corp DE now owns 462,205 shares of the company’s stock valued at $35,964,000 after buying an additional 35,579 shares during the period. BNP Paribas Financial Markets bought a new stake in iShares U.S. Financial Services ETF in the fourth quarter valued at approximately $3,890,000. Ameriprise Financial Inc. raised its stake in iShares U.S. Financial Services ETF by 17.7% in the fourth quarter. Ameriprise Financial Inc. now owns 35,795 shares of the company’s stock valued at $2,785,000 after buying an additional 5,387 shares during the period. Finally, Aptus Capital Advisors LLC raised its stake in iShares U.S. Financial Services ETF by 308.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,184 shares of the company’s stock valued at $170,000 after buying an additional 1,649 shares during the period.

iShares U.S. Financial Services ETF Stock Up 0.7%

NYSEARCA:IYG opened at $82.89 on Friday. iShares U.S. Financial Services ETF has a 12-month low of $63.60 and a 12-month high of $84.91. The stock’s 50 day moving average price is $76.55 and its two-hundred day moving average price is $78.99. The firm has a market capitalization of $1.74 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.