iShares U.S. Financial Services ETF (NYSEARCA:IYG) Hits New 1-Year High – Here’s What Happened

iShares U.S. Financial Services ETF (NYSEARCA:IYG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $80.68 and last traded at $80.63, with a volume of 16042 shares changing hands. The stock had previously closed at $79.48.

iShares U.S. Financial Services ETF Stock Performance

The business has a 50 day simple moving average of $74.40 and a 200-day simple moving average of $69.64. The stock has a market capitalization of $1.65 billion, a P/E ratio of 5.95 and a beta of 0.91.

Institutional Investors Weigh In On iShares U.S. Financial Services ETF

Several large investors have recently modified their holdings of IYG. Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares U.S. Financial Services ETF during the 2nd quarter worth $27,000. Financial Avengers Inc. bought a new stake in shares of iShares U.S. Financial Services ETF during the 3rd quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares U.S. Financial Services ETF in the third quarter valued at $38,000. Carolinas Wealth Consulting LLC lifted its holdings in shares of iShares U.S. Financial Services ETF by 344.4% in the second quarter. Carolinas Wealth Consulting LLC now owns 600 shares of the company’s stock valued at $39,000 after purchasing an additional 465 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of iShares U.S. Financial Services ETF by 200.0% in the second quarter. Mather Group LLC. now owns 606 shares of the company’s stock valued at $40,000 after purchasing an additional 404 shares in the last quarter.

iShares U.S. Financial Services ETF Company Profile

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.