iShares US Financial Services ETF
155 hedge funds and large institutions have $805M invested in iShares US Financial Services ETF in 2019 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 38 increasing their positions, 52 reducing their positions, and 21 closing their positions.
38% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 21
5% more funds holding
Funds holding: 148 → 155 (+7)
5% less capital invested
Capital invested by funds: $849M → $805M (-$44M)
6.64% less ownership
Funds ownership: 188.15% → 181.5% (-6.6%)
27% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 52
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$6.48M |
| 2 |
BCM
Beck Capital Management
Austin,
Texas
|
+$3.08M |
| 3 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$3.03M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$2.32M |
| 5 |
MCWS
McKinley Carter Wealth Services
Wheeling,
West Virginia
|
+$1.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$35.1M |
| 2 |
Bank of New York Mellon
New York
|
-$24.3M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$23.4M |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$15.5M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$14.1M |
IYG Hedge Fund Activity: Q1 2019 in Review
155 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q1 2019, worth a combined $805M — down 5.2% from $849M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new IYG positions and 21 closed out — a net gain of 8 holders — while 38 added to existing stakes and 52 trimmed.
The largest buyer was Credit Suisse, opening a new position worth an estimated $6.48M. The largest seller was Janney Montgomery Scott, cutting an estimated $35.1M.
- 155 institutional investors held iShares US Financial Services ETF (IYG) as of Q1 2019, up from 148 in Q4 2018.
- Funds reported $805M of iShares US Financial Services ETF stock for Q1 2019, down 5.2% quarter-over-quarter.
- 29 funds opened new iShares US Financial Services ETF positions in Q1 2019 and 21 closed out, a net change of +8 holders.
- The largest iShares US Financial Services ETF buyer in Q1 2019 was Credit Suisse, an estimated $6.48M added.
- The largest iShares US Financial Services ETF seller in Q1 2019 was Janney Montgomery Scott, an estimated $35.1M sold.
Based on aggregated 13F filings for Q1 2019.