Brendel Financial Advisors LLC Invests $950,000 in iShares U.S. Financial Services ETF $IYG

Brendel Financial Advisors LLC bought a new position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,293 shares of the company’s stock, valued at approximately $950,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC acquired a new stake in iShares U.S. Financial Services ETF during the 4th quarter worth about $29,000. Fifth Third Securities Inc. boosted its position in shares of iShares U.S. Financial Services ETF by 9.2% during the 4th quarter. Fifth Third Securities Inc. now owns 24,884 shares of the company’s stock valued at $2,296,000 after purchasing an additional 2,091 shares in the last quarter. Quotient Wealth Partners LLC bought a new stake in shares of iShares U.S. Financial Services ETF during the 4th quarter valued at about $229,000. Tritonpoint Wealth LLC grew its stake in iShares U.S. Financial Services ETF by 7.2% during the fourth quarter. Tritonpoint Wealth LLC now owns 4,941 shares of the company’s stock worth $456,000 after purchasing an additional 332 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in iShares U.S. Financial Services ETF during the fourth quarter worth approximately $100,000.

iShares U.S. Financial Services ETF Stock Performance

Shares of IYG stock opened at $87.35 on Wednesday. iShares U.S. Financial Services ETF has a fifty-two week low of $71.25 and a fifty-two week high of $95.75. The stock has a 50 day simple moving average of $85.34 and a two-hundred day simple moving average of $88.38. The company has a market cap of $1.99 billion, a P/E ratio of 18.95 and a beta of 1.02.

iShares U.S. Financial Services ETF 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.