RiverFront Investment Group LLC Acquires 38,283 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

RiverFront Investment Group LLC grew its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,448,241 shares of the company’s stock after acquiring an additional 38,283 shares during the period. iShares U.S. Financial Services ETF accounts for approximately 2.5% of RiverFront Investment Group LLC’s portfolio, making the stock its 13th largest holding. RiverFront Investment Group LLC owned 7.17% of iShares U.S. Financial Services ETF worth $94,440,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Indiana Trust & Investment Management CO lifted its holdings in iShares U.S. Financial Services ETF by 100.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 402 shares of the company’s stock worth $27,000 after purchasing an additional 201 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of iShares U.S. Financial Services ETF in the second quarter worth about $27,000. Fortis Group Advisors LLC lifted its holdings in shares of iShares U.S. Financial Services ETF by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 160 shares of the company’s stock worth $29,000 after buying an additional 80 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in shares of iShares U.S. Financial Services ETF by 200.0% in the first quarter. Salem Investment Counselors Inc. now owns 450 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares during the period. Finally, Carolinas Wealth Consulting LLC grew its stake in iShares U.S. Financial Services ETF by 344.4% during the second quarter. Carolinas Wealth Consulting LLC now owns 600 shares of the company’s stock valued at $39,000 after acquiring an additional 465 shares in the last quarter.

iShares U.S. Financial Services ETF Price Performance

NYSEARCA IYG opened at $70.35 on Wednesday. The company’s 50 day simple moving average is $69.23 and its two-hundred day simple moving average is $66.79. iShares U.S. Financial Services ETF has a 1 year low of $48.21 and a 1 year high of $71.83. The stock has a market capitalization of $1.42 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.