ICA Group Wealth Management LLC Makes New Investment in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

ICA Group Wealth Management LLC acquired a new stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 615 shares of the company’s stock, valued at approximately $110,000.

A number of other institutional investors have also made changes to their positions in IYG. Envestnet Asset Management Inc. lifted its holdings in iShares U.S. Financial Services ETF by 94.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 491,531 shares of the company’s stock worth $76,010,000 after buying an additional 238,550 shares in the last quarter. Modera Wealth Management LLC acquired a new stake in iShares U.S. Financial Services ETF during the 3rd quarter valued at approximately $44,842,000. International Assets Investment Management LLC purchased a new stake in iShares U.S. Financial Services ETF during the 4th quarter worth approximately $19,035,000. UBS Group AG boosted its stake in shares of iShares U.S. Financial Services ETF by 6.5% during the 3rd quarter. UBS Group AG now owns 100,505 shares of the company’s stock valued at $15,542,000 after buying an additional 6,116 shares during the last quarter. Finally, Truist Financial Corp grew its position in shares of iShares U.S. Financial Services ETF by 4.4% during the fourth quarter. Truist Financial Corp now owns 62,691 shares of the company’s stock worth $11,235,000 after buying an additional 2,659 shares in the last quarter.

iShares U.S. Financial Services ETF Price Performance

IYG opened at $64.56 on Tuesday. iShares U.S. Financial Services ETF has a 12-month low of $48.21 and a 12-month high of $67.11. The stock has a market capitalization of $1.30 billion, a PE ratio of 5.95 and a beta of 0.91. The firm’s fifty day moving average price is $64.88 and its 200 day moving average price is $62.64.

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.