Baltimore Washington Financial Advisors Inc. Buys 8,000 Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Baltimore Washington Financial Advisors Inc. increased its position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 389,794 shares of the company’s stock after acquiring an additional 8,000 shares during the quarter. iShares U.S. Financial Services ETF comprises approximately 1.6% of Baltimore Washington Financial Advisors Inc.’s investment portfolio, making the stock its 21st biggest holding. Baltimore Washington Financial Advisors Inc. owned about 1.93% of iShares U.S. Financial Services ETF worth $30,330,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Carnegie Investment Counsel increased its stake in iShares U.S. Financial Services ETF by 2.6% during the 4th quarter. Carnegie Investment Counsel now owns 5,323 shares of the company’s stock worth $414,000 after purchasing an additional 135 shares in the last quarter. Commerce Bank increased its position in shares of iShares U.S. Financial Services ETF by 5.4% during the third quarter. Commerce Bank now owns 3,954 shares of the company’s stock worth $281,000 after acquiring an additional 204 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of iShares U.S. Financial Services ETF by 6.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,507 shares of the company’s stock worth $249,000 after acquiring an additional 213 shares during the period. Wetzel Investment Advisors Inc. lifted its position in iShares U.S. Financial Services ETF by 5.5% in the 3rd quarter. Wetzel Investment Advisors Inc. now owns 4,157 shares of the company’s stock valued at $295,000 after acquiring an additional 215 shares in the last quarter. Finally, Financial Avengers Inc. acquired a new position in iShares U.S. Financial Services ETF in the 3rd quarter worth $28,000.

iShares U.S. Financial Services ETF Price Performance

IYG opened at $83.13 on Tuesday. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91. The business’s 50-day moving average price is $80.10 and its two-hundred day moving average price is $74.73. iShares U.S. Financial Services ETF has a 1 year low of $60.38 and a 1 year high of $84.62.

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.