Forte Asset Management LLC Buys New Shares in iShares U.S. Financial Services ETF $IYG

Forte Asset Management LLC bought a new stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the third quarter, HoldingsChannel reports. The fund bought 46,227 shares of the company’s stock, valued at approximately $4,157,000. iShares U.S. Financial Services ETF accounts for 1.7% of Forte Asset Management LLC’s portfolio, making the stock its 22nd biggest position.

A number of other institutional investors have also recently bought and sold shares of IYG. Capital Advisors Ltd. LLC increased its position in iShares U.S. Financial Services ETF by 49.8% during the first quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 126 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of iShares U.S. Financial Services ETF by 4.1% in the 1st quarter. D.A. Davidson & CO. now owns 4,786 shares of the company’s stock valued at $396,000 after purchasing an additional 188 shares during the last quarter. Pointe Capital Management LLC boosted its holdings in shares of iShares U.S. Financial Services ETF by 7.7% in the 4th quarter. Pointe Capital Management LLC now owns 2,786 shares of the company’s stock valued at $257,000 after purchasing an additional 200 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of iShares U.S. Financial Services ETF by 7.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 3,786 shares of the company’s stock valued at $333,000 after purchasing an additional 255 shares during the last quarter. Finally, CX Institutional purchased a new stake in shares of iShares U.S. Financial Services ETF during the 3rd quarter valued at $27,000.

iShares U.S. Financial Services ETF Stock Down 0.7%

Shares of NYSEARCA IYG opened at $91.94 on Wednesday. The stock has a market capitalization of $2.20 billion, a PE ratio of 18.95 and a beta of 0.98. The firm has a fifty day moving average of $95.05 and a 200-day moving average of $91.32. iShares U.S. Financial Services ETF has a 52-week low of $79.86 and a 52-week high of $98.66.

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.