Stifel Financial Corp Grows Stock Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Stifel Financial Corp increased its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 0.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,596 shares of the company’s stock after buying an additional 221 shares during the quarter. Stifel Financial Corp owned about 0.44% of iShares U.S. Financial Services ETF worth $6,363,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IYG. Ashton Thomas Private Wealth LLC purchased a new position in shares of iShares U.S. Financial Services ETF during the second quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares U.S. Financial Services ETF during the third quarter worth about $38,000. Carolinas Wealth Consulting LLC boosted its holdings in iShares U.S. Financial Services ETF by 344.4% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 600 shares of the company’s stock valued at $39,000 after purchasing an additional 465 shares in the last quarter. Capital Investment Advisors LLC purchased a new stake in iShares U.S. Financial Services ETF in the 3rd quarter valued at approximately $201,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in iShares U.S. Financial Services ETF in the 3rd quarter valued at approximately $205,000.

iShares U.S. Financial Services ETF Trading Down 0.5 %

Shares of IYG opened at $79.82 on Friday. iShares U.S. Financial Services ETF has a twelve month low of $57.93 and a twelve month high of $82.77. The stock’s 50 day moving average is $77.35 and its two-hundred day moving average is $71.11. The firm has a market capitalization of $1.61 billion, a PE ratio of 5.95 and a beta of 0.91.

About iShares U.S. Financial Services ETF

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.