Baltimore Washington Financial Advisors Inc. Has $30.33 Million Stock Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Baltimore Washington Financial Advisors Inc. grew its position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 2.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 389,794 shares of the company’s stock after buying an additional 8,000 shares during the quarter. iShares U.S. Financial Services ETF makes up approximately 1.6% of Baltimore Washington Financial Advisors Inc.’s portfolio, making the stock its 21st largest position. Baltimore Washington Financial Advisors Inc.’s holdings in iShares U.S. Financial Services ETF were worth $30,330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning boosted its stake in shares of iShares U.S. Financial Services ETF by 8.2% in the second quarter. Creative Planning now owns 21,180 shares of the company’s stock valued at $1,381,000 after buying an additional 1,604 shares during the period. Truist Financial Corp lifted its position in shares of iShares U.S. Financial Services ETF by 3.4% during the 2nd quarter. Truist Financial Corp now owns 82,149 shares of the company’s stock valued at $5,357,000 after acquiring an additional 2,707 shares during the period. Cetera Investment Advisers grew its holdings in shares of iShares U.S. Financial Services ETF by 1.8% during the 2nd quarter. Cetera Investment Advisers now owns 32,701 shares of the company’s stock worth $2,132,000 after purchasing an additional 569 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of iShares U.S. Financial Services ETF in the second quarter worth $954,000. Finally, Kesler Norman & Wride LLC acquired a new position in iShares U.S. Financial Services ETF in the third quarter valued at about $385,000.

iShares U.S. Financial Services ETF Stock Down 0.7 %

IYG opened at $83.13 on Tuesday. iShares U.S. Financial Services ETF has a twelve month low of $60.38 and a twelve month high of $84.62. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91. The company has a 50-day simple moving average of $80.10 and a 200 day simple moving average of $74.73.

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.