Captrust Financial Advisors Raises Stock Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Captrust Financial Advisors increased its stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 16.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 184,956 shares of the company’s stock after buying an additional 25,802 shares during the quarter. Captrust Financial Advisors owned 0.92% of iShares U.S. Financial Services ETF worth $13,136,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IYG. Envestnet Asset Management Inc. raised its stake in shares of iShares U.S. Financial Services ETF by 12.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,509,858 shares of the company’s stock valued at $98,458,000 after buying an additional 161,646 shares during the period. RiverFront Investment Group LLC raised its stake in iShares U.S. Financial Services ETF by 2.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,448,241 shares of the company’s stock valued at $94,440,000 after acquiring an additional 38,283 shares during the period. Raymond James & Associates lifted its holdings in iShares U.S. Financial Services ETF by 14.5% during the second quarter. Raymond James & Associates now owns 564,529 shares of the company’s stock valued at $36,813,000 after purchasing an additional 71,320 shares during the last quarter. Baltimore Washington Financial Advisors Inc. boosted its position in iShares U.S. Financial Services ETF by 2.2% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 381,794 shares of the company’s stock worth $27,115,000 after purchasing an additional 8,367 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of iShares U.S. Financial Services ETF by 7,787.3% in the third quarter. International Assets Investment Management LLC now owns 260,834 shares of the company’s stock worth $18,524,000 after purchasing an additional 257,527 shares in the last quarter.

iShares U.S. Financial Services ETF Stock Up 0.1 %

NYSEARCA IYG opened at $82.34 on Monday. The firm has a market cap of $1.66 billion, a P/E ratio of 5.95 and a beta of 0.91. The company’s 50 day moving average is $75.52 and its 200-day moving average is $70.27. iShares U.S. Financial Services ETF has a 12-month low of $55.30 and a 12-month high of $82.77.

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.