Royal Bank of Canada Sells 1,314 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Royal Bank of Canada lowered its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 469,617 shares of the company’s stock after selling 1,314 shares during the quarter. Royal Bank of Canada owned approximately 2.32% of iShares U.S. Financial Services ETF worth $36,541,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Roxbury Financial LLC bought a new position in shares of iShares U.S. Financial Services ETF in the 4th quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of iShares U.S. Financial Services ETF in the 4th quarter valued at about $50,000. Hopwood Financial Services Inc. bought a new position in shares of iShares U.S. Financial Services ETF in the 4th quarter valued at about $55,000. SRS Capital Advisors Inc. boosted its stake in shares of iShares U.S. Financial Services ETF by 63.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 858 shares of the company’s stock valued at $67,000 after purchasing an additional 333 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new position in shares of iShares U.S. Financial Services ETF in the 4th quarter valued at about $79,000.

iShares U.S. Financial Services ETF Trading Up 0.1%

Shares of NYSEARCA IYG opened at $81.01 on Friday. The firm has a market capitalization of $1.70 billion, a PE ratio of 16.59 and a beta of 1.11. iShares U.S. Financial Services ETF has a 1 year low of $63.60 and a 1 year high of $84.91. The firm’s 50-day moving average is $77.20 and its 200-day moving average is $79.27.

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.