Benchmark Financial Wealth Advisors LLC Purchases New Stake in iShares U.S. Financial Services ETF $IYG

Benchmark Financial Wealth Advisors LLC acquired a new position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 2,722 shares of the company’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. AMG National Trust Bank grew its stake in shares of iShares U.S. Financial Services ETF by 2.7% during the 2nd quarter. AMG National Trust Bank now owns 9,411 shares of the company’s stock worth $806,000 after purchasing an additional 251 shares during the period. Adell Harriman & Carpenter Inc. purchased a new stake in iShares U.S. Financial Services ETF during the second quarter worth about $205,000. Bessemer Group Inc. boosted its holdings in iShares U.S. Financial Services ETF by 186.6% during the second quarter. Bessemer Group Inc. now owns 1,006 shares of the company’s stock worth $86,000 after buying an additional 655 shares in the last quarter. WBH Advisory Inc. grew its position in iShares U.S. Financial Services ETF by 151.7% during the second quarter. WBH Advisory Inc. now owns 8,988 shares of the company’s stock worth $769,000 after buying an additional 5,417 shares during the period. Finally, SAM Advisors LLC grew its position in iShares U.S. Financial Services ETF by 2.0% during the second quarter. SAM Advisors LLC now owns 115,807 shares of the company’s stock worth $9,913,000 after buying an additional 2,253 shares during the period.

iShares U.S. Financial Services ETF Trading Up 0.3%

IYG stock opened at $88.13 on Monday. The firm has a 50 day moving average of $88.83 and a 200-day moving average of $85.22. The company has a market cap of $1.90 billion, a price-to-earnings 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 $91.25.

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.