Diversified LLC Sells 1,156 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Diversified LLC reduced its holdings in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,760 shares of the company’s stock after selling 1,156 shares during the quarter. Diversified LLC owned approximately 0.16% of iShares U.S. Financial Services ETF worth $2,327,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of IYG. EP Wealth Advisors LLC raised its stake in shares of iShares U.S. Financial Services ETF by 197.3% in the first quarter. EP Wealth Advisors LLC now owns 1,751 shares of the company’s stock valued at $116,000 after buying an additional 1,162 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in iShares U.S. Financial Services ETF by 25.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,514 shares of the company’s stock worth $233,000 after purchasing an additional 711 shares in the last quarter. Comerica Bank lifted its holdings in iShares U.S. Financial Services ETF by 195.9% during the 1st quarter. Comerica Bank now owns 20,518 shares of the company’s stock worth $1,360,000 after purchasing an additional 13,584 shares in the last quarter. Investmark Advisory Group LLC lifted its holdings in iShares U.S. Financial Services ETF by 201.0% during the 1st quarter. Investmark Advisory Group LLC now owns 6,072 shares of the company’s stock worth $403,000 after purchasing an additional 4,055 shares in the last quarter. Finally, Kozak & Associates Inc. lifted its holdings in iShares U.S. Financial Services ETF by 209.6% during the 1st quarter. Kozak & Associates Inc. now owns 229,580 shares of the company’s stock worth $15,304,000 after purchasing an additional 155,424 shares in the last quarter.

iShares U.S. Financial Services ETF Stock Performance

Shares of IYG opened at $81.46 on Monday. The stock’s 50-day simple moving average is $74.40 and its 200 day simple moving average is $69.70. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91. iShares U.S. Financial Services ETF has a 52-week low of $54.49 and a 52-week high of $81.46.

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.