Dynasty Wealth Management LLC Invests $49.08 Million in iShares U.S. Financial Services ETF $IYG

Dynasty Wealth Management LLC acquired a new stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 532,080 shares of the company’s stock, valued at approximately $49,084,000. Dynasty Wealth Management LLC owned approximately 2.33% of iShares U.S. Financial Services ETF as of its most recent filing with the SEC.

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

iShares U.S. Financial Services ETF Price Performance

Shares of IYG stock opened at $86.96 on Wednesday. The business has a 50-day moving average of $85.94 and a 200 day moving average of $88.15. iShares U.S. Financial Services ETF has a 1-year low of $79.86 and a 1-year high of $95.75. The stock has a market capitalization of $1.99 billion, a PE ratio of 18.95 and a beta of 0.98.

iShares U.S. Financial Services ETF Company 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.