Cyndeo Wealth Partners LLC Makes New Investment in iShares U.S. Financial Services ETF $IYG

Cyndeo Wealth Partners LLC acquired a new stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,760 shares of the company’s stock, valued at approximately $1,177,000. Cyndeo Wealth Partners LLC owned about 0.06% of iShares U.S. Financial Services ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Magnus Financial Group LLC grew its stake in shares of iShares U.S. Financial Services ETF by 25.8% during the fourth quarter. Magnus Financial Group LLC now owns 4,545 shares of the company’s stock worth $419,000 after purchasing an additional 931 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new stake in iShares U.S. Financial Services ETF in the fourth quarter valued at $53,175,000. Unique Wealth LLC acquired a new stake in iShares U.S. Financial Services ETF in the fourth quarter valued at $5,518,000. JPMorgan Chase & Co. lifted its holdings in iShares U.S. Financial Services ETF by 3.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 308,166 shares of the company’s stock worth $27,624,000 after buying an additional 9,337 shares during the last quarter. Finally, Triumph Capital Management purchased a new stake in iShares U.S. Financial Services ETF during the 3rd quarter worth about $26,000.

iShares U.S. Financial Services ETF Stock Performance

IYG opened at $81.76 on Monday. iShares U.S. Financial Services ETF has a one year low of $65.98 and a one year high of $95.75. The company has a market cap of $1.87 billion, a P/E ratio of 18.95 and a beta of 1.11. The business’s 50-day simple moving average is $87.86 and its 200-day simple moving average is $89.07.

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.