iShares US Financial Services ETF
72 hedge funds and large institutions have $357M invested in iShares US Financial Services ETF in 2014 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 29 increasing their positions, 16 reducing their positions, and 8 closing their positions.
81% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 16
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
32% more call options, than puts
Call options by funds: $841K | Put options by funds: $637K
7% more capital invested
Capital invested by funds: $332M → $357M (+$24.3M)
6% more funds holding
Funds holding: 68 → 72 (+4)
0.32% less ownership
Funds ownership: 165.35% → 165.03% (-0.32%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
+$6.27M |
| 2 |
AGA
Accuvest Global Advisors
Provo,
Utah
|
+$4.82M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$4.76M |
| 4 |
MCWS
McKinley Carter Wealth Services
Wheeling,
West Virginia
|
+$3.61M |
| 5 |
CPSAC
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
|
+$3.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$7.67M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$5.08M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$3.87M |
| 4 |
Morgan Stanley
New York
|
-$2.27M |
| 5 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$2.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Invesco
Atlanta,
Georgia
| – | -$50K | -1,800 | Closed |
|
|
PFA
77
Paradigm Financial Advisors
Des Peres,
Missouri
| – | -$48K | -1,710 | Closed |
|
|
SHWM
78
Smith & Howard Wealth Management
Atlanta,
Georgia
| – | -$20K | -705 | Closed |
|
|
V
79
Veritable
Wilmington,
Delaware
| – | -$19K | -690 | Closed |
|
|
ASN
80
Advisory Services Network
Atlanta,
Georgia
| – | -$3K | -120 | Closed |
|
IYG Hedge Fund Activity: Q1 2014 in Review
72 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q1 2014, worth a combined $357M — up 7.3% from $332M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new IYG positions and 8 closed out — a net gain of 4 holders — while 29 added to existing stakes and 16 trimmed.
The largest buyer was SG Americas Securities, adding an estimated $6.27M. The largest seller was Fidelity Investments, cutting an estimated $7.67M.
- 72 institutional investors held iShares US Financial Services ETF (IYG) as of Q1 2014, up from 68 in Q4 2013.
- Funds reported $357M of iShares US Financial Services ETF stock for Q1 2014, up 7.3% quarter-over-quarter.
- 12 funds opened new iShares US Financial Services ETF positions in Q1 2014 and 8 closed out, a net change of +4 holders.
- The largest iShares US Financial Services ETF buyer in Q1 2014 was SG Americas Securities, an estimated $6.27M added.
- The largest iShares US Financial Services ETF seller in Q1 2014 was Fidelity Investments, an estimated $7.67M sold.
Based on aggregated 13F filings for Q1 2014.