iShares US Financial Services ETF
70 hedge funds and large institutions have $245M invested in iShares US Financial Services ETF in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 10 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 19
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 10
0.94% less ownership
Funds ownership: 132.2% → 131.26% (-0.94%)
1% less capital invested
Capital invested by funds: $248M → $245M (-$3.3M)
3% less funds holding
Funds holding: 72 → 70 (-2)
80% less call options, than puts
Call options by funds: $239K | Put options by funds: $1.17M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$8.5M |
| 2 |
BHB
Bank Hapoalim BM
Tel Aviv,
Israel
|
+$6.36M |
| 3 |
Millennium Management
New York
|
+$5.71M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.87M |
| 5 |
SG Americas Securities
New York
|
+$2.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$5.07M |
| 2 |
VF
Virtu Financial
New York
|
-$4.84M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$4.26M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.92M |
| 5 |
ANTB
AMG National Trust Bank
Greenwood Village,
Colorado
|
-$2.22M |
IYG Hedge Fund Activity: Q2 2016 in Review
70 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q2 2016, worth a combined $245M — down 1.3% from $248M a quarter earlier.
Fund positioning in IYG was balanced in Q2 2016: 10 funds opened new positions, 10 closed out, 25 added to existing stakes and 19 trimmed.
The largest buyer was United Capital Financial Advisors, opening a new position worth an estimated $8.5M. The largest seller was LPL Financial, cutting an estimated $5.07M.
- 70 institutional investors held iShares US Financial Services ETF (IYG) as of Q2 2016, down from 72 in Q1 2016.
- Funds reported $245M of iShares US Financial Services ETF stock for Q2 2016, down 1.3% quarter-over-quarter.
- 10 funds opened new iShares US Financial Services ETF positions in Q2 2016 and 10 closed out, a net change of 0 holders.
- The largest iShares US Financial Services ETF buyer in Q2 2016 was United Capital Financial Advisors, an estimated $8.5M added.
- The largest iShares US Financial Services ETF seller in Q2 2016 was LPL Financial, an estimated $5.07M sold.
Based on aggregated 13F filings for Q2 2016.