Goldman Sachs Group Inc. Sells 29,259 Shares of iShares U.S. Financial Services ETF $IYG

Goldman Sachs Group Inc. lessened its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,021,757 shares of the company’s stock after selling 29,259 shares during the period. Goldman Sachs Group Inc.’s holdings in iShares U.S. Financial Services ETF were worth $94,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Lido Advisors LLC boosted its stake in iShares U.S. Financial Services ETF by 3.7% during the third quarter. Lido Advisors LLC now owns 3,336 shares of the company’s stock worth $299,000 after buying an additional 120 shares during the period. Comerica Bank boosted its stake in iShares U.S. Financial Services ETF by 0.5% during the third quarter. Comerica Bank now owns 27,416 shares of the company’s stock worth $2,458,000 after buying an additional 131 shares during the period. Harbour Investments Inc. boosted its stake in iShares U.S. Financial Services ETF by 21.0% during the fourth quarter. Harbour Investments Inc. now owns 1,577 shares of the company’s stock worth $146,000 after buying an additional 274 shares during the period. Horizon Family Wealth Inc. boosted its stake in iShares U.S. Financial Services ETF by 5.7% during the third quarter. Horizon Family Wealth Inc. now owns 5,194 shares of the company’s stock worth $466,000 after buying an additional 281 shares during the period. Finally, Triumph Capital Management purchased a new position in iShares U.S. Financial Services ETF during the third quarter worth $26,000.

iShares U.S. Financial Services ETF Stock Up 1.0%

NYSEARCA IYG opened at $88.80 on Wednesday. The company has a fifty day moving average of $86.63 and a two-hundred day moving average of $88.16. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 18.95 and a beta of 0.97. iShares U.S. Financial Services ETF has a 52 week low of $79.86 and a 52 week high of $95.75.

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.