Northwestern Mutual Wealth Management Co. grew its stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG – Free Report) by 279.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,441 shares of the company’s stock after acquiring an additional 82,102 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.49% of iShares U.S. Financial Services ETF worth $10,280,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Triumph Capital Management bought a new position in shares of iShares U.S. Financial Services ETF in the third quarter worth about $26,000. Farther Finance Advisors LLC bought a new position in shares of iShares U.S. Financial Services ETF in the fourth quarter worth about $29,000. Smartleaf Asset Management LLC bought a new position in shares of iShares U.S. Financial Services ETF in the third quarter worth about $36,000. Merrithew & Thorsten Inc bought a new position in shares of iShares U.S. Financial Services ETF in the fourth quarter worth about $39,000. Finally, High Point Wealth Management LLC bought a new position in shares of iShares U.S. Financial Services ETF in the fourth quarter worth about $50,000.
iShares U.S. Financial Services ETF Stock Up 0.2%
iShares U.S. Financial Services ETF stock opened at $87.20 on Friday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 18.95 and a beta of 0.98. iShares U.S. Financial Services ETF has a 12-month low of $79.86 and a 12-month high of $95.75. The business’s 50-day simple moving average is $85.21 and its 200 day simple moving average is $88.21.
About iShares U.S. Financial Services ETF
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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