Quantitative Advantage LLC Boosts Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Quantitative Advantage LLC raised its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 4.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 53,983 shares of the company’s stock after acquiring an additional 2,384 shares during the period. iShares U.S. Financial Services ETF accounts for 2.0% of Quantitative Advantage LLC’s holdings, making the stock its 17th biggest holding. Quantitative Advantage LLC’s holdings in iShares U.S. Financial Services ETF were worth $7,228,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Cypress Wealth Services LLC boosted its stake in shares of iShares U.S. Financial Services ETF by 2.7% during the 2nd quarter. Cypress Wealth Services LLC now owns 2,772 shares of the company’s stock worth $371,000 after acquiring an additional 72 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of iShares U.S. Financial Services ETF by 49.6% during the 1st quarter. Advisory Services Network LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 128 shares in the last quarter. Wealthstreet Investment Advisors LLC boosted its stake in shares of iShares U.S. Financial Services ETF by 0.4% during the 1st quarter. Wealthstreet Investment Advisors LLC now owns 31,680 shares of the company’s stock worth $3,954,000 after acquiring an additional 129 shares in the last quarter. VisionPoint Advisory Group LLC boosted its stake in shares of iShares U.S. Financial Services ETF by 0.8% during the 1st quarter. VisionPoint Advisory Group LLC now owns 23,895 shares of the company’s stock worth $2,982,000 after acquiring an additional 178 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of iShares U.S. Financial Services ETF during the 2nd quarter worth about $27,000.

Shares of IYG stock traded up $2.63 during mid-day trading on Friday, hitting $130.51. 5,300 shares of the stock were exchanged, compared to its average volume of 100,004. The firm has a fifty day moving average of $135.77 and a 200 day moving average of $131.00. iShares U.S. Financial Services ETF has a 52-week low of $104.43 and a 52-week high of $141.26.

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.

Further Reading: Return on Equity (ROE)

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

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