McKinley Carter Wealth Services Inc. Takes $21.05 Million Position in iShares U.S. Financial Services ETF (IYG)

McKinley Carter Wealth Services Inc. bought a new position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 157,906 shares of the company’s stock, valued at approximately $21,047,000. iShares U.S. Financial Services ETF makes up approximately 6.2% of McKinley Carter Wealth Services Inc.’s investment portfolio, making the stock its 2nd biggest position.

A number of other hedge funds have also modified their holdings of IYG. Flagship Harbor Advisors LLC acquired a new stake in iShares U.S. Financial Services ETF in the third quarter valued at approximately $438,000. Janney Montgomery Scott LLC grew its stake in iShares U.S. Financial Services ETF by 4.1% in the third quarter. Janney Montgomery Scott LLC now owns 724,721 shares of the company’s stock valued at $96,598,000 after acquiring an additional 28,687 shares during the period. HL Financial Services LLC acquired a new stake in iShares U.S. Financial Services ETF in the third quarter valued at approximately $276,000. GWM Advisors LLC acquired a new stake in iShares U.S. Financial Services ETF in the third quarter valued at approximately $206,000. Finally, Steward Partners Investment Advisory LLC grew its stake in iShares U.S. Financial Services ETF by 5.5% in the third quarter. Steward Partners Investment Advisory LLC now owns 25,302 shares of the company’s stock valued at $3,373,000 after acquiring an additional 1,316 shares during the period.

Shares of iShares U.S. Financial Services ETF stock opened at $128.98 on Friday. iShares U.S. Financial Services ETF has a 52 week low of $120.02 and a 52 week high of $142.14.

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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.

See Also: How is Preferred Stock Different from Common Stock?

Want to see what other hedge funds are holding IYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Financial Services ETF (NYSEARCA:IYG).

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

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