Bank of America Corp DE Grows Stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Bank of America Corp DE increased its stake in iShares U.S. Financial Services ETF (NYSEARCA:IYGGet Rating) by 5.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 969,741 shares of the company’s stock after acquiring an additional 48,608 shares during the period. Bank of America Corp DE owned approximately 0.08% of iShares U.S. Financial Services ETF worth $174,873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IYG. Jane Street Group LLC purchased a new position in shares of iShares U.S. Financial Services ETF during the first quarter valued at approximately $5,978,000. Beacon Pointe Advisors LLC boosted its position in shares of iShares U.S. Financial Services ETF by 50.9% during the first quarter. Beacon Pointe Advisors LLC now owns 29,988 shares of the company’s stock valued at $5,408,000 after buying an additional 10,118 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of iShares U.S. Financial Services ETF by 18.5% during the first quarter. Goldman Sachs Group Inc. now owns 503,530 shares of the company’s stock valued at $90,802,000 after buying an additional 78,683 shares during the period. Captrust Financial Advisors boosted its position in shares of iShares U.S. Financial Services ETF by 54.1% during the first quarter. Captrust Financial Advisors now owns 1,549 shares of the company’s stock valued at $279,000 after buying an additional 544 shares during the period. Finally, SFI Advisors LLC boosted its position in shares of iShares U.S. Financial Services ETF by 0.3% during the first quarter. SFI Advisors LLC now owns 30,087 shares of the company’s stock valued at $5,425,000 after buying an additional 82 shares during the period.

iShares U.S. Financial Services ETF Stock Performance

Shares of NYSEARCA:IYG opened at $152.37 on Thursday. iShares U.S. Financial Services ETF has a 1 year low of $143.65 and a 1 year high of $205.00. The business has a 50 day simple moving average of $160.38 and a two-hundred day simple moving average of $163.53.

About iShares U.S. Financial Services ETF

(Get Rating)

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.

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Institutional Ownership by Quarter for iShares U.S. Financial Services ETF (NYSEARCA:IYG)

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