iShares U.S. Financial Services ETF $IYG Shares Newly Purchased by StoneX Group Inc.

StoneX Group Inc. acquired a new stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,563 shares of the company’s stock, valued at approximately $599,000.

Other institutional investors also recently modified their holdings of the company. Forte Asset Management LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the third quarter worth about $4,157,000. Ferguson Wellman Capital Management Inc. purchased a new stake in iShares U.S. Financial Services ETF in the 3rd quarter worth approximately $13,232,000. Castle Rock Wealth Management LLC purchased a new stake in iShares U.S. Financial Services ETF in the 3rd quarter worth approximately $575,000. Fifth Third Securities Inc. bought a new stake in shares of iShares U.S. Financial Services ETF in the 3rd quarter worth approximately $2,306,000. Finally, AMG National Trust Bank grew its position in shares of iShares U.S. Financial Services ETF by 95.3% in the 1st quarter. AMG National Trust Bank now owns 17,968 shares of the company’s stock worth $1,488,000 after buying an additional 8,767 shares during the last quarter.

iShares U.S. Financial Services ETF Stock Performance

IYG opened at $97.69 on Thursday. The stock has a market capitalization of $2.31 billion, a PE ratio of 16.62 and a beta of 0.97. The stock’s 50 day moving average price is $93.87 and its 200-day moving average price is $90.69. iShares U.S. Financial Services ETF has a 52-week low of $79.86 and a 52-week high of $100.09.

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. Index: banks, asset managers, consumer finance, specialty finance, investment services and mortgage finance.