Fifth Third Securities Inc. purchased a new position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG – Free Report) in the third quarter, HoldingsChannel reports. The fund purchased 25,650 shares of the company’s stock, valued at approximately $2,306,000.
Other institutional investors have also modified their holdings of the company. Benchmark Financial Wealth Advisors LLC purchased a new position in shares of iShares U.S. Financial Services ETF during the third quarter valued at approximately $344,000. Cottonwood Capital Advisors LLC acquired a new stake in iShares U.S. Financial Services ETF during the third quarter worth approximately $1,141,000. Sensible Money LLC acquired a new stake in iShares U.S. Financial Services ETF during the third quarter worth approximately $289,000. Lakeshore Capital Group Inc. purchased a new stake in iShares U.S. Financial Services ETF in the 3rd quarter worth approximately $641,000. Finally, Prime Capital Investment Advisors LLC purchased a new stake in iShares U.S. Financial Services ETF in the 3rd quarter worth approximately $210,000.
iShares U.S. Financial Services ETF Stock Performance
Shares of IYG opened at $93.72 on Thursday. The stock has a fifty day moving average of $94.48 and a two-hundred day moving average of $91.76. The company has a market capitalization of $2.25 billion, a PE ratio of 18.95 and a beta of 0.98. iShares U.S. Financial Services ETF has a fifty-two week low of $79.86 and a fifty-two week high of $98.66.
iShares U.S. Financial Services ETF Profile
iShares U.S. Financial Services ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Financial Services Index (the Underlying Index). The Underlying Index measures the performance of the financial services sector of the United States equity market. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.
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