iShares U.S. Financial Services ETF $IYG Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 5.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 419,852 shares of the company’s stock after selling 23,942 shares during the period. Royal Bank of Canada owned about 1.84% of iShares U.S. Financial Services ETF worth $34,780,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Triumph Capital Management purchased a new position in iShares U.S. Financial Services ETF during the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of iShares U.S. Financial Services ETF in the fourth quarter valued at $28,000. Farther Finance Advisors LLC acquired a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter valued at $29,000. Capital Advisors Ltd. LLC boosted its stake in shares of iShares U.S. Financial Services ETF by 49.8% during the first quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock valued at $31,000 after acquiring an additional 126 shares during the last quarter. Finally, Merrithew & Thorsten Inc purchased a new stake in iShares U.S. Financial Services ETF during the 4th quarter worth about $39,000.

iShares U.S. Financial Services ETF Trading Up 1.0%

iShares U.S. Financial Services ETF stock opened at $96.43 on Tuesday. The stock has a 50-day moving average price of $91.69 and a 200 day moving average price of $88.54. iShares U.S. Financial Services ETF has a 52 week low of $79.86 and a 52 week high of $96.54. The stock has a market cap of $2.19 billion, a PE ratio of 18.95 and a beta of 0.96.

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. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.