Sunbelt Securities Inc. Purchases 5,928 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Sunbelt Securities Inc. increased its position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 165.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,517 shares of the company’s stock after buying an additional 5,928 shares during the period. Sunbelt Securities Inc.’s holdings in iShares U.S. Financial Services ETF were worth $631,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. CWM LLC increased its stake in iShares U.S. Financial Services ETF by 212.6% in the first quarter. CWM LLC now owns 14,882 shares of the company’s stock valued at $987,000 after purchasing an additional 10,121 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in iShares U.S. Financial Services ETF in the fourth quarter valued at $110,000. Salem Investment Counselors Inc. increased its stake in iShares U.S. Financial Services ETF by 200.0% in the first quarter. Salem Investment Counselors Inc. now owns 450 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. GAMMA Investing LLC increased its stake in iShares U.S. Financial Services ETF by 200.0% in the first quarter. GAMMA Investing LLC now owns 927 shares of the company’s stock valued at $61,000 after purchasing an additional 618 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in iShares U.S. Financial Services ETF in the fourth quarter valued at $106,000.

iShares U.S. Financial Services ETF Trading Down 0.3 %

IYG opened at $65.01 on Thursday. iShares U.S. Financial Services ETF has a 1-year low of $48.21 and a 1-year high of $67.11. The company has a market cap of $1.31 billion, a P/E ratio of 5.95 and a beta of 0.91. The company has a fifty day moving average price of $65.06 and a two-hundred day moving average price of $63.02.

iShares U.S. Financial Services ETF Company 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.