Baltimore Washington Financial Advisors Inc. Acquires 11,164 Shares of iShares U.S. Financial Services ETF $IYG

Baltimore Washington Financial Advisors Inc. boosted its holdings in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 404,827 shares of the company’s stock after purchasing an additional 11,164 shares during the quarter. iShares U.S. Financial Services ETF comprises about 1.6% of Baltimore Washington Financial Advisors Inc.’s investment portfolio, making the stock its 25th largest position. Baltimore Washington Financial Advisors Inc. owned about 1.87% of iShares U.S. Financial Services ETF worth $36,289,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Evolution Wealth Management Inc. bought a new position in shares of iShares U.S. Financial Services ETF in the 2nd quarter valued at about $36,000. Smartleaf Asset Management LLC bought a new stake in iShares U.S. Financial Services ETF during the third quarter worth approximately $36,000. AlphaCore Capital LLC raised its position in iShares U.S. Financial Services ETF by 1,173.2% during the second quarter. AlphaCore Capital LLC now owns 522 shares of the company’s stock valued at $45,000 after purchasing an additional 481 shares during the period. Mather Group LLC. purchased a new stake in iShares U.S. Financial Services ETF during the third quarter valued at approximately $49,000. Finally, Y.D. More Investments Ltd lifted its stake in shares of iShares U.S. Financial Services ETF by 53.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 1,000 shares of the company’s stock valued at $85,000 after purchasing an additional 350 shares during the last quarter.

iShares U.S. Financial Services ETF Price Performance

NYSEARCA:IYG opened at $84.27 on Friday. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 18.95 and a beta of 1.11. The business has a 50 day simple moving average of $90.13 and a 200-day simple moving average of $89.51. iShares U.S. Financial Services ETF has a 1 year low of $65.98 and a 1 year high of $95.75.

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.