SAM Advisors LLC Reduces Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

SAM Advisors LLC trimmed its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,615 shares of the company’s stock after selling 2,696 shares during the period. iShares U.S. Financial Services ETF comprises about 3.3% of SAM Advisors LLC’s holdings, making the stock its 8th largest position. SAM Advisors LLC owned approximately 0.58% of iShares U.S. Financial Services ETF worth $9,145,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Roxbury Financial LLC purchased a new stake in iShares U.S. Financial Services ETF during the fourth quarter worth about $25,000. Financial Avengers Inc. bought a new position in shares of iShares U.S. Financial Services ETF in the third quarter valued at approximately $28,000. Comprehensive Financial Planning Inc. PA bought a new stake in iShares U.S. Financial Services ETF during the fourth quarter valued at approximately $50,000. EP Wealth Advisors LLC lifted its position in iShares U.S. Financial Services ETF by 28.2% during the third quarter. EP Wealth Advisors LLC now owns 2,247 shares of the company’s stock valued at $160,000 after purchasing an additional 494 shares during the last quarter. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the 3rd quarter worth approximately $205,000.

iShares U.S. Financial Services ETF Stock Performance

Shares of IYG opened at $81.88 on Friday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 17.45 and a beta of 0.91. iShares U.S. Financial Services ETF has a fifty-two week low of $62.13 and a fifty-two week high of $84.91. The firm has a 50 day moving average price of $80.82 and a 200-day moving average price of $76.14.

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.