Kingswood Wealth Advisors LLC Decreases Stock Position in iShares U.S. Financial Services ETF $IYG

Kingswood Wealth Advisors LLC lowered its stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 42.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,845 shares of the company’s stock after selling 2,068 shares during the period. Kingswood Wealth Advisors LLC’s holdings in iShares U.S. Financial Services ETF were worth $244,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Y.D. More Investments Ltd increased its holdings in shares of iShares U.S. Financial Services ETF by 85.7% in the first quarter. Y.D. More Investments Ltd now owns 650 shares of the company’s stock worth $51,000 after buying an additional 300 shares during the period. CX Institutional bought a new stake in shares of iShares U.S. Financial Services ETF in the second quarter worth about $81,000. 3Chopt Investment Partners LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the first quarter worth about $101,000. Apollon Wealth Management LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the first quarter worth about $203,000. Finally, Fiduciary Alliance LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the second quarter worth about $233,000.

iShares U.S. Financial Services ETF Price Performance

NYSEARCA IYG opened at $86.19 on Friday. The stock has a market capitalization of $1.87 billion, a PE ratio of 18.95 and a beta of 1.16. iShares U.S. Financial Services ETF has a 1 year low of $65.98 and a 1 year high of $91.25. The business’s 50-day moving average is $88.51 and its 200 day moving average is $83.63.

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.