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iShares US Financial Services ETF
IYG

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
155
Holders Change
+7
Holders Change %
+4.73%
% of All Funds
3.35%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
29
Increased
38
Reduced
52
Closed
21
Calls
$3.53M
Puts
–
Net Calls
+$3.53M
Net Calls Change
+$965K

Top Buyers

Rank Fund Capital Flow
1
CS
Credit Suisse
Switzerland
+$6.48M
2
BCM
Beck Capital Management
Texas
+$3.08M
3
CAM
Cresset Asset Management
Illinois
+$3.03M
4
Citadel Advisors
Citadel Advisors
Florida
+$2.32M
5
MCWS
McKinley Carter Wealth Services
West Virginia
+$1.16M

Top Sellers

Rank Fund Capital Flow
1
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$35.1M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$24.3M
3
Bank of America
Bank of America
North Carolina
-$23.4M
4
BTS
BB&T Securities
Virginia
-$15.5M
5
RJA
Raymond James & Associates
Florida
-$14.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
FANJ
101
Financial Architects (New Jersey)
New Jersey
$187K – – –
SMFS
102
Squar Milner Financial Services
California
$181K – – –
CWA
103
Clarus Wealth Advisors
Arizona
$172K +$171K +4,137 New
GWM
104
Geneos Wealth Management
Colorado
$146K – – –
QCIG
105
Quad-Cities Investment Group
Iowa
$145K – – –
MCM
106
Manchester Capital Management
Vermont
$139K – – –
VFA
107
Valeo Financial Advisors
Indiana
$136K – – –
AA
108
AlphaMark Advisors
Kentucky
$116K +$103K +2,475 +825%
APA
109
American Portfolios Advisors
New York
$113K +$14K +339 +14%
CFA
110
Carroll Financial Associates
North Carolina
$109K – – –
BCA
111
Berman Capital Advisors
Georgia
$106K +$497 +12 +0.5%
LPIC
112
LeJeune Puetz Investment Counsel
Michigan
$101K +$101K +2,436 New
AWM
113
AllSquare Wealth Management
New York
$100K – – –
Northwestern Mutual Wealth Management
114
Northwestern Mutual Wealth Management
Wisconsin
$92K +$2.49K +60 +3%
BWM
115
BerganKDV Wealth Management
Minnesota
$81K – – –
Citigroup
116
Citigroup
New York
$68K -$12.9K -312 -16%
PMFA
117
Plante Moran Financial Advisors
Michigan
$62K – – –
PCG
118
Private Capital Group
Connecticut
$55K – – –
ASN
119
Advisory Services Network
Georgia
$48K +$15.9K +384 +50%
WCM
120
WealthBridge Capital Management
Ohio
$43K +$10.8K +261 +37%
AA
121
Advisory Alpha
Michigan
$42.4K +$39.8K +960 New
PCM
122
Princeton Capital Management
New Jersey
$40K – – –
NWM
123
Northwest Wealth Management
Iowa
$38K +$12.4K +300 +49%
CIAS
124
Capital Investment Advisory Services
North Carolina
$36K +$2.49K +60 +7%
CFG
125
Citizens Financial Group
Rhode Island
$34K +$34.1K +822 New
3 4
5
6 7

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.