Cambridge Investment Research Advisors Inc. Buys 727 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Cambridge Investment Research Advisors Inc. increased its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 4.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,060 shares of the company’s stock after acquiring an additional 727 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in iShares U.S. Financial Services ETF were worth $1,113,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. RiverFront Investment Group LLC raised its stake in shares of iShares U.S. Financial Services ETF by 210.7% during the 1st quarter. RiverFront Investment Group LLC now owns 1,410,030 shares of the company’s stock worth $93,484,000 after purchasing an additional 956,158 shares in the last quarter. Baltimore Washington Financial Advisors Inc. raised its position in iShares U.S. Financial Services ETF by 210.6% during the first quarter. Baltimore Washington Financial Advisors Inc. now owns 361,113 shares of the company’s stock worth $23,942,000 after acquiring an additional 244,836 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in iShares U.S. Financial Services ETF by 189.4% in the first quarter. Janney Montgomery Scott LLC now owns 259,536 shares of the company’s stock valued at $17,207,000 after acquiring an additional 169,851 shares during the last quarter. Kozak & Associates Inc. grew its position in shares of iShares U.S. Financial Services ETF by 209.6% in the 1st quarter. Kozak & Associates Inc. now owns 229,580 shares of the company’s stock valued at $15,304,000 after acquiring an additional 155,424 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of iShares U.S. Financial Services ETF during the 1st quarter worth about $9,945,000.

iShares U.S. Financial Services ETF Stock Performance

Shares of NYSEARCA:IYG opened at $70.19 on Friday. iShares U.S. Financial Services ETF has a 52-week low of $48.21 and a 52-week high of $71.83. The company has a market capitalization of $1.42 billion, a P/E ratio of 5.95 and a beta of 0.91. The company has a 50-day simple moving average of $68.12 and a 200 day simple moving average of $65.90.

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.