Ferguson Wellman Capital Management Inc. Makes New Investment in iShares U.S. Financial Services ETF $IYG

Ferguson Wellman Capital Management Inc. bought a new position in iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 147,151 shares of the company’s stock, valued at approximately $13,232,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CX Institutional purchased a new position in iShares U.S. Financial Services ETF in the 3rd quarter worth approximately $27,000. Roxbury Financial LLC bought a new stake in shares of iShares U.S. Financial Services ETF during the third quarter valued at approximately $27,000. NewEdge Advisors LLC increased its stake in shares of iShares U.S. Financial Services ETF by 11.7% in the 2nd quarter. NewEdge Advisors LLC now owns 12,062 shares of the company’s stock worth $1,091,000 after acquiring an additional 1,268 shares in the last quarter. Corient Private Wealth LP bought a new stake in shares of iShares U.S. Financial Services ETF in the 2nd quarter worth approximately $215,000. Finally, XP Advisory US Inc. purchased a new position in shares of iShares U.S. Financial Services ETF in the 2nd quarter worth about $402,000.

iShares U.S. Financial Services ETF Stock Performance

Shares of NYSEARCA:IYG traded up $0.64 during trading on Monday, reaching $90.81. 24,539 shares of the stock traded hands, compared to its average volume of 111,511. The stock has a 50-day moving average of $95.68 and a two-hundred day moving average of $90.86. 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 cap of $2.11 billion, a P/E ratio of 18.95 and a beta of 0.98.

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.