FORVIS Wealth Advisors LLC Increases Holdings in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

FORVIS Wealth Advisors LLC lifted its position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 179.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,150 shares of the company’s stock after purchasing an additional 3,950 shares during the period. FORVIS Wealth Advisors LLC’s holdings in iShares U.S. Financial Services ETF were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Fortis Group Advisors LLC raised its position in iShares U.S. Financial Services ETF by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 160 shares of the company’s stock worth $29,000 after acquiring an additional 80 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of iShares U.S. Financial Services ETF in the 4th quarter worth $29,000. Simplex Trading LLC bought a new position in iShares U.S. Financial Services ETF in the 4th quarter worth $43,000. Keener Financial Planning LLC bought a new position in iShares U.S. Financial Services ETF in the 4th quarter worth $54,000. Finally, GAMMA Investing LLC purchased a new position in iShares U.S. Financial Services ETF during the fourth quarter valued at $56,000.

iShares U.S. Financial Services ETF Stock Down 0.2 %

IYG traded down $0.16 during midday trading on Friday, reaching $65.84. The company had a trading volume of 24,383 shares, compared to its average volume of 60,231. The business has a 50-day moving average of $65.28 and a two-hundred day moving average of $63.31. iShares U.S. Financial Services ETF has a 1 year low of $48.21 and a 1 year high of $67.11. The company has a market cap of $1.33 billion, a P/E ratio of 5.95 and a beta of 0.91.

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.