Charter Oak Capital Management LLC Purchases Shares of 6,414 iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Charter Oak Capital Management LLC purchased a new stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,414 shares of the company’s stock, valued at approximately $504,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IYG. Savant Capital LLC acquired a new stake in iShares U.S. Financial Services ETF during the fourth quarter worth $1,098,000. Comprehensive Financial Planning Inc. PA acquired a new stake in iShares U.S. Financial Services ETF during the fourth quarter worth $50,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in iShares U.S. Financial Services ETF during the fourth quarter worth $7,607,000. Roxbury Financial LLC acquired a new stake in iShares U.S. Financial Services ETF during the fourth quarter worth $25,000. Finally, Atria Wealth Solutions Inc. boosted its stake in iShares U.S. Financial Services ETF by 12.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 3,183 shares of the company’s stock worth $248,000 after buying an additional 342 shares in the last quarter.

iShares U.S. Financial Services ETF Price Performance

IYG opened at $82.91 on Friday. The company has a market capitalization of $1.75 billion, a P/E ratio of 16.84 and a beta of 1.11. The firm’s fifty day moving average price is $77.89 and its two-hundred day moving average price is $79.48. iShares U.S. Financial Services ETF has a fifty-two week low of $63.60 and a fifty-two week high of $84.91.

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.