23,012 Shares of iShares U.S. Financial Services ETF $IYG Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. purchased a new stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the third quarter, HoldingsChannel reports. The firm purchased 23,012 shares of the company’s stock, valued at approximately $2,069,000.

Several other institutional investors have also made changes to their positions in IYG. Capital Advisors Ltd. LLC boosted its stake in shares of iShares U.S. Financial Services ETF by 49.8% in the first quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock valued at $31,000 after buying an additional 126 shares during the period. D.A. Davidson & CO. raised its holdings in 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 acquiring an additional 188 shares in the last quarter. Pointe Capital Management LLC lifted its position in shares of iShares U.S. Financial Services ETF by 7.7% during the 4th quarter. Pointe Capital Management LLC now owns 2,786 shares of the company’s stock valued at $257,000 after acquiring an additional 200 shares during the period. Chicago Partners Investment Group LLC lifted its position in shares of iShares U.S. Financial Services ETF by 7.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 3,786 shares of the company’s stock valued at $333,000 after acquiring an additional 255 shares during the period. Finally, CX Institutional bought 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 Performance

Shares of NYSEARCA IYG opened at $91.29 on Thursday. iShares U.S. Financial Services ETF has a 52 week low of $79.86 and a 52 week high of $98.66. The stock has a market capitalization of $2.18 billion, a P/E ratio of 18.95 and a beta of 0.98. The stock’s fifty day moving average is $94.93 and its 200 day moving average is $91.38.

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.