iShares US Financial Services ETF
111 hedge funds and large institutions have $866M invested in iShares US Financial Services ETF in 2017 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 49 increasing their positions, 25 reducing their positions, and 13 closing their positions.
96% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 25
35.96% more ownership
Funds ownership: 148.42% → 184.39% (+36%)
34% more capital invested
Capital invested by funds: $645M → $866M (+$221M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less funds holding
Funds holding: 115 → 111 (-4)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
40% less call options, than puts
Call options by funds: $1.73M | Put options by funds: $2.89M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AssetMark Inc
Concord,
California
|
+$58.3M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$57.3M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$25.6M |
| 4 |
MCWS
McKinley Carter Wealth Services
Wheeling,
West Virginia
|
+$9.03M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$7.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$6.42M |
| 2 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$4.8M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$2.28M |
| 4 |
Morgan Stanley
New York
|
-$1.72M |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
-$1.31M |
IYG Hedge Fund Activity: Q3 2017 in Review
111 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in iShares US Financial Services ETF (IYG) for Q3 2017, worth a combined $866M — up 34% from $645M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of IYG and 11 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 49 added.
The largest buyer was AssetMark Inc, adding an estimated $58.3M. The largest seller was Goldman Sachs, cutting an estimated $6.42M.
- 111 institutional investors held iShares US Financial Services ETF (IYG) as of Q3 2017, down from 115 in Q2 2017.
- Funds reported $866M of iShares US Financial Services ETF stock for Q3 2017, up 34% quarter-over-quarter.
- 11 funds opened new iShares US Financial Services ETF positions in Q3 2017 and 13 closed out, a net change of -2 holders.
- The largest iShares US Financial Services ETF buyer in Q3 2017 was AssetMark Inc, an estimated $58.3M added.
- The largest iShares US Financial Services ETF seller in Q3 2017 was Goldman Sachs, an estimated $6.42M sold.
Based on aggregated 13F filings for Q3 2017.