Burke & Herbert Bank & Trust Co. Acquires New Stake in iShares U.S. Financial Services ETF $IYG

Burke & Herbert Bank & Trust Co. acquired a new position in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 6,231 shares of the company’s stock, valued at approximately $560,000.

Other hedge funds also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. purchased a new position in shares of iShares U.S. Financial Services ETF in the 3rd quarter valued at approximately $13,232,000. Howard Capital Management Group LLC purchased a new stake in shares of iShares U.S. Financial Services ETF during the third quarter worth approximately $8,356,000. Cetera Investment Advisers grew its position in iShares U.S. Financial Services ETF by 3.8% in the 1st quarter. Cetera Investment Advisers now owns 51,002 shares of the company’s stock valued at $4,225,000 after buying an additional 1,889 shares during the last quarter. Centerline Wealth Advisors LLC grew its position in iShares U.S. Financial Services ETF by 1.5% in the 3rd quarter. Centerline Wealth Advisors LLC now owns 46,788 shares of the company’s stock valued at $4,207,000 after buying an additional 695 shares during the last quarter. Finally, Forte Asset Management LLC acquired a new position in shares of iShares U.S. Financial Services ETF during the third quarter worth about $4,157,000.

iShares U.S. Financial Services ETF Stock Down 0.4%

NYSEARCA IYG traded down $0.38 during trading hours on Friday, hitting $95.20. 130,284 shares of the stock were exchanged, compared to its average volume of 119,362. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 16.62 and a beta of 0.97. iShares U.S. Financial Services ETF has a 12-month low of $79.86 and a 12-month high of $100.09. The stock has a 50-day moving average of $93.87 and a 200 day moving average of $90.59.

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.