Fifth Third Bancorp Acquires New Holdings in iShares U.S. Financial Services ETF $IYG

Fifth Third Bancorp bought a new stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 19,927 shares of the company’s stock, valued at approximately $1,651,000.

Other institutional investors have also modified their holdings of the company. Dynasty Wealth Management LLC acquired a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter worth about $49,084,000. Brendel Financial Advisors LLC purchased a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter worth $950,000. Quotient Wealth Partners LLC increased its position in shares of iShares U.S. Financial Services ETF by 235.3% during the first quarter. Quotient Wealth Partners LLC now owns 8,336 shares of the company’s stock worth $691,000 after acquiring an additional 5,850 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in iShares U.S. Financial Services ETF by 279.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 111,441 shares of the company’s stock worth $10,280,000 after purchasing an additional 82,102 shares in the last quarter. Finally, Mosley Wealth Management purchased a new stake in iShares U.S. Financial Services ETF during the 4th quarter worth about $764,000.

iShares U.S. Financial Services ETF Price Performance

IYG stock opened at $94.37 on Thursday. The business’s 50-day moving average is $90.36 and its two-hundred day moving average is $88.47. iShares U.S. Financial Services ETF has a 1 year low of $79.86 and a 1 year high of $95.95. The firm has a market capitalization of $2.13 billion, a P/E ratio of 18.95 and a beta of 0.96.

About iShares U.S. Financial Services ETF

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.