Forte Asset Management LLC Makes New Investment in iShares U.S. Financial Services ETF $IYG

Forte Asset Management LLC acquired a new stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 28,619 shares of the company’s stock, valued at approximately $2,371,000.

Other large investors also recently modified their holdings of the company. Koshinski Asset Management Inc. boosted its holdings in shares of iShares U.S. Financial Services ETF by 2.4% during the 1st quarter. Koshinski Asset Management Inc. now owns 20,830 shares of the company’s stock worth $1,726,000 after buying an additional 497 shares during the period. Private Advisor Group LLC raised its holdings in iShares U.S. Financial Services ETF by 17.0% in the 1st quarter. Private Advisor Group LLC now owns 208,916 shares of the company’s stock valued at $17,307,000 after acquiring an additional 30,308 shares during the period. Traveka Wealth LLC bought a new position in iShares U.S. Financial Services ETF in the 1st quarter valued at about $308,000. Sequent Planning LLC lifted its position in iShares U.S. Financial Services ETF by 13.3% during the first quarter. Sequent Planning LLC now owns 11,081 shares of the company’s stock worth $918,000 after acquiring an additional 1,305 shares during the last quarter. Finally, Unique Wealth LLC lifted its position in iShares U.S. Financial Services ETF by 29.6% during the first quarter. Unique Wealth LLC now owns 77,515 shares of the company’s stock worth $6,421,000 after acquiring an additional 17,698 shares during the last quarter.

iShares U.S. Financial Services ETF Price Performance

Shares of NYSEARCA:IYG opened at $93.37 on Friday. iShares U.S. Financial Services ETF has a 12-month low of $79.86 and a 12-month high of $95.75. The business has a 50 day moving average of $88.53 and a 200-day moving average of $88.37. The stock has a market cap of $2.04 billion, a PE ratio of 18.95 and a beta of 0.96.

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.