Foundations Investment Advisors LLC Sells 119,679 Shares of iShares U.S. Financial Services ETF $IYG

Foundations Investment Advisors LLC trimmed its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 23.7% during the third quarter, Holdings Channel reports. The firm owned 385,817 shares of the company’s stock after selling 119,679 shares during the quarter. Foundations Investment Advisors LLC’s holdings in iShares U.S. Financial Services ETF were worth $34,585,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. PGIM Custom Harvest LLC increased its position in iShares U.S. Financial Services ETF by 42.2% during the second quarter. PGIM Custom Harvest LLC now owns 305,036 shares of the company’s stock worth $26,111,000 after buying an additional 90,472 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares U.S. Financial Services ETF by 4.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 298,829 shares of the company’s stock worth $25,580,000 after acquiring an additional 14,061 shares during the period. Bernard Wealth Management Corp. boosted its stake in shares of iShares U.S. Financial Services ETF by 26.3% during the 2nd quarter. Bernard Wealth Management Corp. now owns 44,626 shares of the company’s stock worth $3,820,000 after acquiring an additional 9,302 shares during the period. Advisory Services Network LLC increased its holdings in shares of iShares U.S. Financial Services ETF by 43.8% during the 2nd quarter. Advisory Services Network LLC now owns 28,084 shares of the company’s stock worth $2,444,000 after acquiring an additional 8,549 shares during the last quarter. Finally, Harbor Asset Planning Inc. bought a new stake in iShares U.S. Financial Services ETF in the 2nd quarter valued at $550,000.

iShares U.S. Financial Services ETF Price Performance

Shares of iShares U.S. Financial Services ETF stock opened at $89.68 on Thursday. The business has a fifty day simple moving average of $91.40 and a two-hundred day simple moving average of $89.25. iShares U.S. Financial Services ETF has a 1 year low of $65.98 and a 1 year high of $95.75. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 18.95 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. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.