Mercer Global Advisors Inc. ADV Reduces Stock Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Mercer Global Advisors Inc. ADV reduced its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,083 shares of the company’s stock after selling 604 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in iShares U.S. Financial Services ETF were worth $629,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of IYG. Park Avenue Securities LLC purchased a new stake in iShares U.S. Financial Services ETF during the 4th quarter worth approximately $341,000. Carnegie Investment Counsel increased its holdings in iShares U.S. Financial Services ETF by 2.6% during the 4th quarter. Carnegie Investment Counsel now owns 5,323 shares of the company’s stock worth $414,000 after purchasing an additional 135 shares during the last quarter. Magnus Financial Group LLC purchased a new stake in iShares U.S. Financial Services ETF during the 4th quarter worth approximately $205,000. Geneos Wealth Management Inc. increased its holdings in iShares U.S. Financial Services ETF by 5.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 21,756 shares of the company’s stock worth $1,693,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in iShares U.S. Financial Services ETF during the 4th quarter worth approximately $550,000.

iShares U.S. Financial Services ETF Stock Performance

Shares of NYSEARCA IYG opened at $79.78 on Monday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.59 and a beta of 1.11. iShares U.S. Financial Services ETF has a twelve month low of $63.60 and a twelve month high of $84.91. The business has a 50 day simple moving average of $76.19 and a 200-day simple moving average of $78.83.

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.