RiverFront Investment Group LLC Buys 49,743 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Posted by Stacy Sanders on Mar 29th, 2025

RiverFront Investment Group LLC raised its stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG – Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,556,433 shares of the company’s stock after purchasing an additional 49,743 shares during the period. iShares U.S. Financial Services ETF accounts for about 2.8% of RiverFront Investment Group LLC’s investment portfolio, making the stock its 11th biggest holding. RiverFront Investment Group LLC owned approximately 7.71% of iShares U.S. Financial Services ETF worth $121,106,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of IYG. Roxbury Financial LLC purchased a new position in iShares U.S. Financial Services ETF in the 4th quarter worth approximately $25,000. Financial Avengers Inc. bought a new position in shares of iShares U.S. Financial Services ETF during the third quarter worth $28,000. Comprehensive Financial Planning Inc. PA purchased a new position in iShares U.S. Financial Services ETF during the fourth quarter valued at $50,000. Hopwood Financial Services Inc. purchased a new stake in iShares U.S. Financial Services ETF in the 4th quarter worth $55,000. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of iShares U.S. Financial Services ETF by 63.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 858 shares of the company’s stock valued at $67,000 after purchasing an additional 333 shares during the last quarter.

iShares U.S. Financial Services ETF Trading Down 2.1 %

NYSEARCA:IYG opened at $77.67 on Friday. The business’s 50-day moving average is $81.13 and its 200 day moving average is $77.98. iShares U.S. Financial Services ETF has a 12 month low of $62.13 and a 12 month high of $84.91. The company has a market capitalization of $1.67 billion, a P/E ratio of 16.68 and a beta of 1.17.

iShares U.S. Financial Services ETF Company Profile

(Free Report)

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.