Forte Asset Management LLC Purchases New Holdings in iShares U.S. Financial Services ETF $IYG

Forte Asset Management LLC purchased a new stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 28,619 shares of the company’s stock, valued at approximately $2,371,000. Forte Asset Management LLC owned approximately 0.13% of iShares U.S. Financial Services ETF as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Centerline Wealth Advisors LLC acquired a new position in shares of iShares U.S. Financial Services ETF during the 4th quarter worth about $4,686,000. Baltimore Washington Financial Advisors Inc. lifted its stake in iShares U.S. Financial Services ETF by 2.8% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 404,827 shares of the company’s stock valued at $36,289,000 after purchasing an additional 11,164 shares during the last quarter. Cyndeo Wealth Partners LLC acquired a new stake in iShares U.S. Financial Services ETF in the 4th quarter valued at about $1,177,000. Private Advisor Group LLC grew its holdings in iShares U.S. Financial Services ETF by 4.9% during the third quarter. Private Advisor Group LLC now owns 171,228 shares of the company’s stock worth $15,349,000 after purchasing an additional 8,043 shares during the period. Finally, Unique Wealth LLC bought a new position in iShares U.S. Financial Services ETF during the fourth quarter worth about $5,518,000.

iShares U.S. Financial Services ETF Price Performance

Shares of NYSEARCA IYG opened at $93.37 on Friday. The business’s 50 day moving average price is $88.53 and its two-hundred day moving average price is $88.37. The company has a market cap of $2.04 billion, a PE ratio of 18.95 and a beta of 0.96. iShares U.S. Financial Services ETF has a twelve month low of $79.86 and a twelve month high of $95.75.

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.