Patten & Patten Inc. TN Lowers Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Patten & Patten Inc. TN lowered its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,516 shares of the company’s stock after selling 215 shares during the quarter. Patten & Patten Inc. TN’s holdings in iShares U.S. Financial Services ETF were worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of IYG. Roxbury Financial LLC purchased a new position in shares of iShares U.S. Financial Services ETF in the fourth quarter worth $25,000. Financial Avengers Inc. purchased a new position in shares of iShares U.S. Financial Services ETF in the third quarter worth $28,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of iShares U.S. Financial Services ETF in the fourth quarter worth $50,000. Hopwood Financial Services Inc. purchased a new position in shares of iShares U.S. Financial Services ETF in the fourth quarter worth $55,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of iShares U.S. Financial Services ETF by 63.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 858 shares of the company’s stock worth $67,000 after purchasing an additional 333 shares during the last quarter.

iShares U.S. Financial Services ETF Price Performance

IYG stock opened at $76.44 on Monday. iShares U.S. Financial Services ETF has a 1-year low of $62.13 and a 1-year high of $84.91. The business has a fifty day moving average price of $81.11 and a 200-day moving average price of $77.53. The stock has a market capitalization of $1.64 billion, a P/E ratio of 16.68 and a beta of 1.17.

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.