NBC Securities Inc. Grows Stock Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

NBC Securities Inc. grew its stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 189.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 876 shares of the company’s stock after purchasing an additional 573 shares during the period. NBC Securities Inc.’s holdings in iShares U.S. Financial Services ETF were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CWM LLC increased its holdings in shares of iShares U.S. Financial Services ETF by 212.6% during the 1st quarter. CWM LLC now owns 14,882 shares of the company’s stock worth $987,000 after buying an additional 10,121 shares during the last quarter. ICA Group Wealth Management LLC purchased a new stake in iShares U.S. Financial Services ETF in the fourth quarter valued at $110,000. EP Wealth Advisors LLC acquired a new position in shares of iShares U.S. Financial Services ETF in the 4th quarter valued at $106,000. Jones Financial Companies Lllp purchased a new position in shares of iShares U.S. Financial Services ETF during the 4th quarter worth $306,000. Finally, ORG Partners LLC acquired a new stake in shares of iShares U.S. Financial Services ETF during the 4th quarter worth about $90,000.

iShares U.S. Financial Services ETF Price Performance

NYSEARCA IYG opened at $65.69 on Tuesday. iShares U.S. Financial Services ETF has a 12 month low of $48.21 and a 12 month high of $67.11. The stock has a market capitalization of $1.33 billion, a P/E ratio of 5.95 and a beta of 0.91. The firm’s 50-day moving average is $65.00 and its two-hundred day moving average is $62.96.

iShares U.S. Financial Services ETF 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.