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JPMorgan Chase & Co. boosted its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 27.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,362 shares of the company’s stock after purchasing an additional 4,350 shares during the period. JPMorgan Chase & Co. owned approximately 0.17% of iShares U.S. Financial Services ETF worth $2,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in IYG. McKinley Carter Wealth Services Inc. acquired a new position in shares of iShares U.S. Financial Services ETF in the third quarter worth about $21,047,000. BB&T Securities LLC raised its position in shares of iShares U.S. Financial Services ETF by 16.4% in the second quarter. BB&T Securities LLC now owns 289,583 shares of the company’s stock worth $37,535,000 after acquiring an additional 40,747 shares during the period. Janney Montgomery Scott LLC raised its position in shares of 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 worth $96,598,000 after acquiring an additional 28,687 shares during the period. Envestnet Asset Management Inc. raised its position in shares of iShares U.S. Financial Services ETF by 24.5% in the second quarter. Envestnet Asset Management Inc. now owns 108,745 shares of the company’s stock worth $14,095,000 after acquiring an additional 21,365 shares during the period. Finally, Raymond James & Associates raised its position in shares of iShares U.S. Financial Services ETF by 3.1% during the 2nd quarter. Raymond James & Associates now owns 522,333 shares of the company’s stock worth $67,705,000 after purchasing an additional 15,604 shares during the last quarter.
Shares of IYG traded down $0.01 during mid-day trading on Thursday, hitting $117.21. 109,397 shares of the company were exchanged, compared to its average volume of 130,000. iShares U.S. Financial Services ETF has a 1-year low of $104.43 and a 1-year high of $142.14.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Tuesday, December 18th were paid a dividend of $0.6311 per share. This represents a $2.52 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Monday, December 17th. This is a boost from iShares U.S. Financial Services ETF’s previous quarterly dividend of $0.50.
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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.
Read More: What is the yield curve?
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