Dynasty Wealth Management LLC Makes New $49.08 Million Investment in iShares U.S. Financial Services ETF $IYG

Dynasty Wealth Management LLC acquired a new stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 532,080 shares of the company’s stock, valued at approximately $49,084,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of IYG. Triumph Capital Management purchased a new stake in shares of iShares U.S. Financial Services ETF during the third quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the fourth quarter worth about $28,000. Farther Finance Advisors LLC purchased a new position in iShares U.S. Financial Services ETF during the 4th quarter valued at about $29,000. Smartleaf Asset Management LLC purchased a new position in iShares U.S. Financial Services ETF during the 3rd quarter valued at about $36,000. Finally, Merrithew & Thorsten Inc bought a new position in iShares U.S. Financial Services ETF during the 4th quarter valued at approximately $39,000.

iShares U.S. Financial Services ETF Stock Performance

NYSEARCA IYG opened at $86.96 on Wednesday. iShares U.S. Financial Services ETF has a fifty-two week low of $79.86 and a fifty-two week high of $95.75. The stock has a 50 day simple moving average of $85.94 and a two-hundred day simple moving average of $88.15. The stock has a market cap of $1.99 billion, a P/E ratio of 18.95 and a beta of 0.98.

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. 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.