Belpointe Asset Management LLC Makes New $73,000 Investment in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Belpointe Asset Management LLC purchased a new position in iShares U.S. Financial Services ETF (NYSEARCA:IYG – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 466 shares of the company’s stock, valued at approximately $73,000.

A number of other institutional investors have also recently made changes to their positions in IYG. JPMorgan Chase & Co. increased its holdings in shares of iShares U.S. Financial Services ETF by 12.7% in the 1st quarter. JPMorgan Chase & Co. now owns 47,599 shares of the company’s stock worth $8,583,000 after buying an additional 5,354 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of iShares U.S. Financial Services ETF by 10.8% in the 1st quarter. D.A. Davidson & CO. now owns 1,177 shares of the company’s stock worth $212,000 after buying an additional 115 shares during the last quarter. BlackRock Inc. bought a new position in shares of iShares U.S. Financial Services ETF in the 1st quarter worth $37,000. Cetera Investment Advisers increased its holdings in shares of iShares U.S. Financial Services ETF by 33.7% in the 1st quarter. Cetera Investment Advisers now owns 4,309 shares of the company’s stock worth $777,000 after buying an additional 1,085 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of iShares U.S. Financial Services ETF by 17.7% in the 1st quarter. Baird Financial Group Inc. now owns 2,985 shares of the company’s stock worth $538,000 after buying an additional 448 shares during the last quarter.

iShares U.S. Financial Services ETF Price Performance

Shares of NYSEARCA:IYG opened at $150.98 on Monday. iShares U.S. Financial Services ETF has a one year low of $137.46 and a one year high of $176.75. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.62 and a beta of 1.16. The company’s fifty day moving average price is $149.94 and its 200-day moving average price is $159.86.

iShares U.S. Financial Services ETF Profile

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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.