iShares US Financial Services ETF
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$21.9M |
| 2 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
+$16.8M |
| 3 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$8.84M |
| 4 |
BWFA
Baltimore-Washington Financial Advisors
Columbia,
Maryland
|
+$6.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$5.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$8.32M |
| 2 |
VFM
Valley Financial Management
New York
|
-$5.64M |
| 3 |
Morgan Stanley
New York
|
-$5.26M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.72M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$4.06M |
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.