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iShares US Financial Services ETF
IYG

202 hedge funds and large institutions have $682M invested in iShares US Financial Services ETF in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 63 increasing their positions, 63 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more call options, than puts

Call options by funds: $1.3M | Put options by funds: $711K

12.72% more ownership

Funds ownership: 163.96% → 176.68% (+13%)

6% more capital invested

Capital invested by funds: $645M → $682M (+$36.8M)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 63

3% less funds holding

Funds holding: 209 → 202 (-7)

23% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 22

Holders
202
Holders Change
-7
Holders Change %
-3.35%
% of All Funds
3.17%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
17
Increased
63
Reduced
63
Closed
22
Calls
$1.3M
Puts
$711K
Net Calls
+$585K
Net Calls Change
+$1.4M

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$21.9M
2
RIG
RiverFront Investment Group
Virginia
+$16.8M
3
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
+$8.84M
4
BWFA
Baltimore-Washington Financial Advisors
Maryland
+$6.2M
5
Citadel Advisors
Citadel Advisors
Florida
+$5.31M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$8.32M
2
VFM
Valley Financial Management
New York
-$5.64M
3
Morgan Stanley
Morgan Stanley
New York
-$5.26M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.72M
5
TRCT
Tower Research Capital (TRC)
New York
-$4.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
MFG
51
Merit Financial Group
Georgia
$1.46M -$283K -5,589 -17%
GM
52
GeoWealth Management
Illinois
$1.42M +$121K +2,391 +10%
SFA
53
Source Financial Advisors
New York
$1.42M +$121K +2,391 +10%
CAN
54
Cetera Advisor Networks
California
$1.35M -$212K -4,185 -14%
PP
55
Patten & Patten
Tennessee
$1.34M -$4.56K -90 -0.4%
Cambridge Investment Research Advisors
56
Cambridge Investment Research Advisors
Iowa
$1.32M -$50.3K -993 -4%
IWM
57
IHT Wealth Management
Illinois
$1.23M -$39.8K -786 -3%
Creative Planning
58
Creative Planning
Kansas
$1.22M +$6.69K +132 +0.6%
SI
59
Stephens Inc
Arkansas
$1.22M -$50.3K -993 -4%
Koshinski Asset Management
60
Koshinski Asset Management
Illinois
$1.18M +$225K +4,443 +25%
KWA
61
Kingswood Wealth Advisors
California
$1.06M +$3.75M +74,088 New
ASN
62
Advisory Services Network
Georgia
$1M -$68.4K -1,350 -7%
FFN
63
Focus Financial Network
Minnesota
$1M +$5.47K +108 +0.6%
CCA
64
Cottonwood Capital Advisors
Utah
$1M -$49.3K -972 -5%
CCA
65
Cobblestone Capital Advisors
New York
$983K – – –
National Bank of Canada
66
National Bank of Canada
Quebec, Canada
$815K -$11.9K -234 -1%
Carson Wealth (CWM LLC)
67
Carson Wealth (CWM LLC)
Nebraska
$792K – – –
Thrivent Financial for Lutherans
68
Thrivent Financial for Lutherans
Minnesota
$783K +$142K +2,793 +23%
VAS
69
Vestmark Advisory Solutions
Massachusetts
$769K +$42.3K +834 +6%
LGWM
70
Litman Gregory Wealth Management
California
$758K +$729K +14,385 New
GPA
71
Garrison Point Advisors
California
$750K – – –
Citigroup
72
Citigroup
New York
$726K -$126K -2,493 -15%
BHB
73
Bank Hapoalim BM
Israel
$725K -$69K -1,362 -9%
SFG
74
Summit Financial Group
West Virginia
$702K – – –
MML Investors Services
75
MML Investors Services
Massachusetts
$683K +$168K +3,321 +34%
1 2
3
4 5

IYG Hedge Fund Activity: Q2 2023 in Review

202 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q2 2023, worth a combined $682M — up 5.7% from $645M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of IYG and 17 opened new positions — a net loss of 5 holders — while 63 trimmed existing stakes and 63 added.

The largest buyer was Bank of America, adding an estimated $21.9M. The largest seller was Goldman Sachs, cutting an estimated $8.32M.

  • 202 institutional investors held iShares US Financial Services ETF (IYG) as of Q2 2023, down from 209 in Q1 2023.
  • Funds reported $682M of iShares US Financial Services ETF stock for Q2 2023, up 5.7% quarter-over-quarter.
  • 17 funds opened new iShares US Financial Services ETF positions in Q2 2023 and 22 closed out, a net change of -5 holders.
  • The largest iShares US Financial Services ETF buyer in Q2 2023 was Bank of America, an estimated $21.9M added.
  • The largest iShares US Financial Services ETF seller in Q2 2023 was Goldman Sachs, an estimated $8.32M sold.

Based on aggregated 13F filings for Q2 2023.