B. Riley Wealth Advisors Inc. Grows Stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

B. Riley Wealth Advisors Inc. grew its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 139.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,416 shares of the company’s stock after acquiring an additional 4,902 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in iShares U.S. Financial Services ETF were worth $549,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. increased its holdings in shares of iShares U.S. Financial Services ETF by 12.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,509,858 shares of the company’s stock valued at $98,458,000 after acquiring an additional 161,646 shares during the last quarter. RiverFront Investment Group LLC boosted its position in shares of iShares U.S. Financial Services ETF by 210.7% in the 1st quarter. RiverFront Investment Group LLC now owns 1,410,030 shares of the company’s stock valued at $93,484,000 after purchasing an additional 956,158 shares during the period. Raymond James & Associates boosted its position in shares of iShares U.S. Financial Services ETF by 14.5% in the 2nd 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 period. Baltimore Washington Financial Advisors Inc. boosted its position in shares of iShares U.S. Financial Services ETF by 3.4% in the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 373,427 shares of the company’s stock valued at $24,351,000 after purchasing an additional 12,314 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of iShares U.S. Financial Services ETF by 189.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 259,536 shares of the company’s stock valued at $17,207,000 after purchasing an additional 169,851 shares during the period.

iShares U.S. Financial Services ETF Stock Up 1.8 %

Shares of NYSEARCA IYG opened at $71.49 on Friday. The stock has a market cap of $1.44 billion, a PE ratio of 5.95 and a beta of 0.91. iShares U.S. Financial Services ETF has a 52-week low of $48.21 and a 52-week high of $71.83. The business has a 50-day moving average price of $69.37 and a 200 day moving average price of $66.90.

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.