iShares U.S. Financial Services ETF (NYSEARCA:IYG) Reaches New 12-Month High – What’s Next?

iShares U.S. Financial Services ETF (NYSEARCA:IYGGet Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $82.76 and last traded at $82.76, with a volume of 5072 shares trading hands. The stock had previously closed at $82.06.

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

The company has a market capitalization of $1.66 billion, a P/E ratio of 5.95 and a beta of 0.91. The firm has a 50-day moving average price of $75.31 and a two-hundred day moving average price of $70.10.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in iShares U.S. Financial Services ETF in the second quarter worth $27,000. Financial Avengers Inc. acquired a new position in iShares U.S. Financial Services ETF during the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares U.S. Financial Services ETF during the third quarter worth $38,000. Carolinas Wealth Consulting LLC raised its stake in iShares U.S. Financial Services ETF by 344.4% during the second quarter. Carolinas Wealth Consulting LLC now owns 600 shares of the company’s stock worth $39,000 after acquiring an additional 465 shares in the last quarter. Finally, Mather Group LLC. raised its stake in iShares U.S. Financial Services ETF by 200.0% during the second quarter. Mather Group LLC. now owns 606 shares of the company’s stock worth $40,000 after acquiring an additional 404 shares in the last quarter.

iShares U.S. Financial Services ETF Company Profile

(Get Free Report)

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.

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