Wealthgate Family Office LLC Sells 3,389 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Wealthgate Family Office LLC reduced its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 6.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 51,917 shares of the company’s stock after selling 3,389 shares during the period. iShares U.S. Financial Services ETF comprises 10.3% of Wealthgate Family Office LLC’s holdings, making the stock its 2nd largest position. Wealthgate Family Office LLC owned about 0.26% of iShares U.S. Financial Services ETF worth $3,687,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of iShares U.S. Financial Services ETF in the second quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares U.S. Financial Services ETF during the 3rd quarter valued at $38,000. Carolinas Wealth Consulting LLC boosted its position in iShares U.S. Financial Services ETF by 344.4% during the second quarter. Carolinas Wealth Consulting LLC now owns 600 shares of the company’s stock worth $39,000 after purchasing an additional 465 shares during the period. Mather Group LLC. boosted its position in iShares U.S. Financial Services ETF by 200.0% during the second quarter. Mather Group LLC. now owns 606 shares of the company’s stock worth $40,000 after purchasing an additional 404 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of iShares U.S. Financial Services ETF by 42.7% in the second quarter. GAMMA Investing LLC now owns 1,323 shares of the company’s stock valued at $86,000 after purchasing an additional 396 shares during the last quarter.

iShares U.S. Financial Services ETF Stock Performance

NYSEARCA IYG opened at $79.85 on Wednesday. The stock has a market cap of $1.61 billion, a PE ratio of 5.95 and a beta of 0.91. The firm has a 50-day moving average of $73.51 and a 200-day moving average of $69.27. iShares U.S. Financial Services ETF has a 52-week low of $54.23 and a 52-week high of $80.50.

iShares U.S. Financial Services ETF 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.