Consolidated Capital Management LLC Cuts Stock Position in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Consolidated Capital Management LLC decreased its holdings in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 14.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 6,008 shares of the company’s stock after selling 979 shares during the period. iShares U.S. Financial Services ETF accounts for about 0.2% of Consolidated Capital Management LLC’s holdings, making the stock its 29th biggest holding. Consolidated Capital Management LLC’s holdings in iShares U.S. Financial Services ETF were worth $427,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of iShares U.S. Financial Services ETF by 12.0% in the second 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 grew its holdings in shares of 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 purchasing an additional 38,283 shares during the period. Raymond James & Associates increased its position in iShares U.S. Financial Services ETF by 14.5% during the second quarter. Raymond James & Associates now owns 564,529 shares of the company’s stock worth $36,813,000 after purchasing an additional 71,320 shares during the last quarter. Baltimore Washington Financial Advisors Inc. boosted its holdings in 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 last quarter. Finally, Janney Montgomery Scott LLC grew its stake 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 buying an additional 169,851 shares during the period.

iShares U.S. Financial Services ETF Trading Up 0.5 %

iShares U.S. Financial Services ETF stock traded up $0.39 during mid-day trading on Thursday, hitting $75.31. The company’s stock had a trading volume of 3,068 shares, compared to its average volume of 52,947. iShares U.S. Financial Services ETF has a 1 year low of $48.21 and a 1 year high of $75.31. The firm has a market capitalization of $1.52 billion, a PE ratio of 5.95 and a beta of 0.91. The stock’s fifty day moving average is $70.26 and its two-hundred day moving average is $67.29.

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.