Salem Investment Counselors Inc. Grows Position in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Salem Investment Counselors Inc. increased its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 200.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 450 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Salem Investment Counselors Inc.’s holdings in iShares U.S. Financial Services ETF were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IYG. Kestra Advisory Services LLC lifted its stake in shares of iShares U.S. Financial Services ETF by 6.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 3,014 shares of the company’s stock valued at $466,000 after purchasing an additional 182 shares during the period. SRS Capital Advisors Inc. bought a new position in iShares U.S. Financial Services ETF during the 3rd quarter valued at approximately $27,000. Modera Wealth Management LLC bought a new position in iShares U.S. Financial Services ETF during the 3rd quarter valued at approximately $44,842,000. Register Financial Advisors LLC bought a new position in iShares U.S. Financial Services ETF during the 4th quarter valued at approximately $265,000. Finally, Mutual Advisors LLC bought a new position in iShares U.S. Financial Services ETF during the 4th quarter valued at approximately $205,000.

iShares U.S. Financial Services ETF Stock Down 0.4 %

IYG stock opened at $65.02 on Monday. iShares U.S. Financial Services ETF has a twelve month low of $48.21 and a twelve month high of $67.11. The firm has a market cap of $1.31 billion, a PE ratio of 5.95 and a beta of 0.91. The business has a 50 day moving average of $64.94 and a 200 day moving average of $62.89.

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.