Howard Capital Management Group LLC Acquires New Holdings in iShares U.S. Financial Services ETF $IYG

Howard Capital Management Group LLC acquired a new stake in shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) during the third quarter, HoldingsChannel.com reports. The firm acquired 92,921 shares of the company’s stock, valued at approximately $8,356,000. iShares U.S. Financial Services ETF accounts for 0.5% of Howard Capital Management Group LLC’s holdings, making the stock its 29th biggest position.

Several other institutional investors have also modified their holdings of the stock. Mosley Wealth Management purchased a new position in shares of iShares U.S. Financial Services ETF in the 3rd quarter worth approximately $129,000. TD Waterhouse Canada Inc. bought a new position in shares of iShares U.S. Financial Services ETF during the 3rd quarter valued at approximately $87,000. Cyndeo Wealth Partners LLC bought a new position in shares of iShares U.S. Financial Services ETF during the 3rd quarter valued at approximately $1,015,000. Activest Wealth Management purchased a new stake in iShares U.S. Financial Services ETF during the 3rd quarter valued at $67,000. Finally, Centerline Wealth Advisors LLC raised its holdings in iShares U.S. Financial Services ETF by 1.5% during 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 period.

iShares U.S. Financial Services ETF Trading Up 0.2%

NYSEARCA:IYG traded up $0.21 during midday trading on Friday, hitting $92.72. 539,697 shares of the company traded hands, compared to its average volume of 119,084. The firm has a market capitalization of $2.23 billion, a P/E ratio of 18.95 and a beta of 0.98. The firm’s fifty day moving average is $94.76 and its 200-day moving average is $91.48. iShares U.S. Financial Services ETF has a 12-month low of $79.86 and a 12-month high of $98.66.

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.