Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 165,099 shares changed hands during trading, an increase of 184% from the previous session’s volume of 58,130 shares.The stock last traded at $82.54 and had previously closed at $81.61.
iShares U.S. Financial Services ETF Stock Performance
The firm has a fifty day moving average price of $81.06 and a 200-day moving average price of $76.67. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 17.45 and a beta of 0.91.
Institutional Investors Weigh In On iShares U.S. Financial Services ETF
A number of large investors have recently modified their holdings of the business. Howard Capital Management Group LLC boosted its position in iShares U.S. Financial Services ETF by 2.1% in the third quarter. Howard Capital Management Group LLC now owns 114,452 shares of the company’s stock valued at $8,128,000 after buying an additional 2,392 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of iShares U.S. Financial Services ETF by 7,787.3% in the 3rd quarter. International Assets Investment Management LLC now owns 260,834 shares of the company’s stock valued at $18,524,000 after purchasing an additional 257,527 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares U.S. Financial Services ETF by 6.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,507 shares of the company’s stock worth $249,000 after acquiring an additional 213 shares in the last quarter. Wetzel Investment Advisors Inc. boosted its holdings in shares of iShares U.S. Financial Services ETF by 5.5% during the 3rd quarter. Wetzel Investment Advisors Inc. now owns 4,157 shares of the company’s stock worth $295,000 after buying an additional 215 shares in the last quarter. Finally, Objective Capital Management LLC bought a new position in shares of iShares U.S. Financial Services ETF during the third quarter valued at about $416,000.
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.
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