Centerline Wealth Advisors LLC Purchases New Position in iShares U.S. Financial Services ETF $IYG

Centerline Wealth Advisors LLC purchased a new stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 50,796 shares of the company’s stock, valued at approximately $4,686,000. iShares U.S. Financial Services ETF accounts for 1.7% of Centerline Wealth Advisors LLC’s portfolio, making the stock its 19th largest holding. Centerline Wealth Advisors LLC owned about 0.23% of iShares U.S. Financial Services ETF as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Triumph Capital Management acquired a new stake in shares of iShares U.S. Financial Services ETF in the 3rd quarter valued at $26,000. Smartleaf Asset Management LLC acquired a new stake in shares of iShares U.S. Financial Services ETF during the 3rd quarter worth about $36,000. Evolution Wealth Management Inc. acquired a new stake in shares of iShares U.S. Financial Services ETF during the 2nd quarter worth about $36,000. AlphaCore Capital LLC lifted its holdings in iShares U.S. Financial Services ETF by 1,173.2% during the 2nd 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 last quarter. Finally, Mather Group LLC. bought a new position in iShares U.S. Financial Services ETF during the 3rd quarter valued at about $49,000.

iShares U.S. Financial Services ETF Stock Up 0.1%

NYSEARCA:IYG opened at $81.76 on Monday. The firm has a market cap of $1.87 billion, a PE ratio of 18.95 and a beta of 1.11. iShares U.S. Financial Services ETF has a 12 month low of $65.98 and a 12 month high of $95.75. The company’s 50-day moving average price is $87.86 and its two-hundred day moving average price is $89.07.

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.