6,231 Shares in iShares U.S. Financial Services ETF $IYG Bought by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. acquired a new position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,231 shares of the company’s stock, valued at approximately $560,000.

A number of other institutional investors also recently bought and sold shares of the business. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of iShares U.S. Financial Services ETF during the third quarter worth about $13,232,000. Howard Capital Management Group LLC acquired a new stake in shares of iShares U.S. Financial Services ETF in the 3rd quarter valued at about $8,356,000. Cetera Investment Advisers boosted its position in shares of iShares U.S. Financial Services ETF by 3.8% in the 1st quarter. Cetera Investment Advisers now owns 51,002 shares of the company’s stock valued at $4,225,000 after purchasing an additional 1,889 shares during the period. Centerline Wealth Advisors LLC grew its stake in iShares U.S. Financial Services ETF by 1.5% during the 3rd quarter. Centerline Wealth Advisors LLC now owns 46,788 shares of the company’s stock worth $4,207,000 after buying an additional 695 shares during the last quarter. Finally, Forte Asset Management LLC purchased a new position in iShares U.S. Financial Services ETF during the 3rd quarter worth approximately $4,157,000.

iShares U.S. Financial Services ETF Stock Down 0.4%

IYG traded down $0.38 during trading on Friday, hitting $95.20. 130,284 shares of the stock were exchanged, compared to its average volume of 119,362. The firm has a market capitalization of $2.26 billion, a P/E ratio of 16.62 and a beta of 0.97. iShares U.S. Financial Services ETF has a 1-year low of $79.86 and a 1-year high of $100.09. The stock has a fifty day moving average price of $93.87 and a two-hundred day moving average price of $90.59.

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.