5,293 Shares in iShares U.S. Financial Services ETF (NYSEARCA:IYG) Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,293 shares of the company’s stock, valued at approximately $376,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in 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 in the last quarter. RiverFront Investment Group LLC lifted its stake in iShares U.S. Financial Services ETF by 2.7% in the second quarter. RiverFront Investment Group LLC now owns 1,448,241 shares of the company’s stock valued at $94,440,000 after acquiring an additional 38,283 shares during the last quarter. Raymond James & Associates grew 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 acquiring an additional 71,320 shares during the period. Baltimore Washington Financial Advisors Inc. increased its stake in shares of iShares U.S. Financial Services ETF by 3.4% during the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 373,427 shares of the company’s stock worth $24,351,000 after purchasing an additional 12,314 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of iShares U.S. Financial Services ETF by 7,787.3% in the 3rd quarter. International Assets Investment Management LLC now owns 260,834 shares of the company’s stock valued at $18,524,000 after purchasing an additional 257,527 shares during the period.

iShares U.S. Financial Services ETF Stock Performance

Shares of NYSEARCA:IYG opened at $80.47 on Friday. iShares U.S. Financial Services ETF has a 52-week low of $54.49 and a 52-week high of $80.83. The company has a market capitalization of $1.63 billion, a P/E ratio of 5.95 and a beta of 0.91. The company has a 50-day simple moving average of $73.93 and a 200 day simple moving average of $69.45.

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.