Arbor Investment Advisors LLC Acquires Shares of 1,700 iShares U.S. Financial Services ETF (IYG)

Arbor Investment Advisors LLC acquired a new stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,700 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors also recently modified their holdings of IYG. Ferguson Wellman Capital Management Inc. bought a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter valued at about $23,720,000. Bank of America Corp DE raised its stake in shares of iShares U.S. Financial Services ETF by 5.5% during the fourth quarter. Bank of America Corp DE now owns 837,310 shares of the company’s stock valued at $94,005,000 after purchasing an additional 43,863 shares in the last quarter. Morgan Stanley raised its stake in shares of iShares U.S. Financial Services ETF by 8.6% during the third quarter. Morgan Stanley now owns 533,718 shares of the company’s stock valued at $71,140,000 after purchasing an additional 42,453 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of iShares U.S. Financial Services ETF by 5.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 766,827 shares of the company’s stock valued at $86,092,000 after purchasing an additional 42,106 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter valued at about $2,835,000.

Shares of NYSEARCA IYG traded down $0.73 during midday trading on Monday, reaching $130.99. 71,012 shares of the company traded hands, compared to its average volume of 108,329. iShares U.S. Financial Services ETF has a 52 week low of $104.43 and a 52 week high of $140.00.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 21st were paid a dividend of $0.5649 per share. This represents a $2.26 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, March 20th.

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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.

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

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