Advisory Services Network LLC Makes New Investment in iShares U.S. Manufacturing ETF (NYSEARCA:MADE)

Advisory Services Network LLC acquired a new stake in iShares U.S. Manufacturing ETF (NYSEARCA:MADE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 9,359 shares of the company’s stock, valued at approximately $232,000.

Separately, Avantax Advisory Services Inc. bought a new position in shares of iShares U.S. Manufacturing ETF in the fourth quarter worth approximately $708,000.

iShares U.S. Manufacturing ETF Stock Up 0.5 %

NYSEARCA:MADE opened at $21.81 on Friday. The firm has a market capitalization of $12.43 million and a P/E ratio of 16.96. iShares U.S. Manufacturing ETF has a 52 week low of $19.92 and a 52 week high of $27.06. The company has a fifty day moving average of $23.41 and a 200 day moving average of $24.80.

About iShares U.S. Manufacturing ETF

The iShares U.S. Manufacturing ETF (MADE) is an exchange-traded fund that is based on the S&P U.S. Manufacturing Select index. The fund is passively managed to invest in US equity securities that derive revenues from manufacturing and manufacturing-related sectors. The fund optimizes the portfolio by setting weight limits for select sectors.