Meanwhile, Goldman Sachs (NYSE: GS), the sub-sector’s largest component, experienced some selling pressure, but the stock remained above its 200-day moving average and held up better than the broader market, revealing some underlying strength.
Looking at IAI’s portfolio holdings, GS is the largest component at 9.6% of the fund’s weight, SCHW is 7.0% and AMTD is 5.1%.
iShares US Broker-Dealers ETF
For more information on the financials market, visit our financial category.
