MML Investors Services LLC Has $835,000 Stake in iShares U.S. Financial Services ETF (IYG)

MML Investors Services LLC lifted its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,442 shares of the company’s stock after acquiring an additional 1,088 shares during the quarter. MML Investors Services LLC owned 0.06% of iShares U.S. Financial Services ETF worth $835,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. WestEnd Advisors LLC grew its holdings in shares of iShares U.S. Financial Services ETF by 16.6% in the 4th quarter. WestEnd Advisors LLC now owns 169,463 shares of the company’s stock worth $19,026,000 after acquiring an additional 24,186 shares during the last quarter. Bank of America Corp DE grew its holdings 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 buying an additional 43,863 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares U.S. Financial Services ETF by 27.2% during the third quarter. JPMorgan Chase & Co. now owns 20,362 shares of the company’s stock valued at $2,714,000 after buying an additional 4,350 shares in the last quarter. Assetmark Inc. grew its holdings in shares of iShares U.S. Financial Services ETF by 5.0% during the third quarter. Assetmark Inc. now owns 44,594 shares of the company’s stock valued at $5,944,000 after buying an additional 2,113 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its position in iShares U.S. Financial Services ETF by 13.4% during the fourth quarter. Suntrust Banks Inc. now owns 17,567 shares of the company’s stock valued at $1,972,000 after purchasing an additional 2,074 shares during the last quarter.

IYG traded down $0.42 during trading on Friday, reaching $132.73. 42,682 shares of the stock traded hands, compared to its average volume of 106,196. iShares U.S. Financial Services ETF has a fifty-two week low of $104.43 and a fifty-two week high of $140.00.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 21st were given a dividend of $0.5649 per share. The ex-dividend date was Wednesday, March 20th. This represents a $2.26 dividend on an annualized basis and a yield of 1.70%.

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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.

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

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