JPMorgan Chase & Co. Acquires 5,590 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

JPMorgan Chase & Co. boosted its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 261,570 shares of the company’s stock after acquiring an additional 5,590 shares during the quarter. JPMorgan Chase & Co. owned about 1.29% of iShares U.S. Financial Services ETF worth $18,577,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Avengers Inc. bought a new position in shares of iShares U.S. Financial Services ETF during the 3rd quarter valued at approximately $28,000. MML Investors Services LLC increased its position in iShares U.S. Financial Services ETF by 20.8% during the third quarter. MML Investors Services LLC now owns 15,672 shares of the company’s stock valued at $1,113,000 after acquiring an additional 2,699 shares during the last quarter. National Bank of Canada FI increased its position in iShares U.S. Financial Services ETF by 14.9% during the third quarter. National Bank of Canada FI now owns 22,774 shares of the company’s stock valued at $1,617,000 after acquiring an additional 2,949 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of iShares U.S. Financial Services ETF by 28.2% in the third quarter. EP Wealth Advisors LLC now owns 2,247 shares of the company’s stock valued at $160,000 after acquiring an additional 494 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the 3rd quarter worth about $2,496,000.

iShares U.S. Financial Services ETF Trading Up 0.2 %

Shares of NYSEARCA:IYG opened at $78.16 on Friday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91. iShares U.S. Financial Services ETF has a 12 month low of $57.93 and a 12 month high of $82.77. The firm’s 50-day moving average is $79.22 and its 200 day moving average is $72.96.

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.