SPC Financial Inc. Raises Position in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

SPC Financial Inc. increased its holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 200.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,450 shares of the company’s stock after purchasing an additional 2,300 shares during the period. SPC Financial Inc.’s holdings in iShares U.S. Financial Services ETF were worth $229,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Keener Financial Planning LLC raised its stake in iShares U.S. Financial Services ETF by 200.0% during the first quarter. Keener Financial Planning LLC now owns 900 shares of the company’s stock worth $60,000 after purchasing an additional 600 shares during the period. Geneos Wealth Management Inc. raised its position in shares of iShares U.S. Financial Services ETF by 752.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 21,146 shares of the company’s stock worth $1,402,000 after buying an additional 18,665 shares during the period. Southern Capital Advisors LLC grew its position in iShares U.S. Financial Services ETF by 151.0% during the first quarter. Southern Capital Advisors LLC now owns 46,167 shares of the company’s stock valued at $3,061,000 after acquiring an additional 27,773 shares during the period. Diversified LLC increased its stake in iShares U.S. Financial Services ETF by 184.8% during the first quarter. Diversified LLC now owns 34,068 shares of the company’s stock worth $2,259,000 after acquiring an additional 22,108 shares during the last quarter. Finally, RiverFront Investment Group LLC raised its holdings in shares of iShares U.S. Financial Services ETF by 210.7% in the 1st quarter. RiverFront Investment Group LLC now owns 1,410,030 shares of the company’s stock worth $93,484,000 after purchasing an additional 956,158 shares during the period.

iShares U.S. Financial Services ETF Trading Up 0.8 %

NYSEARCA:IYG opened at $67.09 on Friday. The firm’s fifty day simple moving average is $65.51 and its 200 day simple moving average is $63.56. iShares U.S. Financial Services ETF has a twelve month low of $48.21 and a twelve month high of $67.21. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91.

About iShares U.S. Financial Services ETF

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.