iShares U.S. Financial Services ETF (NYSEARCA:IYG – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $93.17 and last traded at $93.34, with a volume of 27660 shares. The stock had previously closed at $92.13.
iShares U.S. Financial Services ETF Stock Up 0.6%
The stock has a 50 day moving average of $89.03 and a 200 day moving average of $87.76. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 18.95 and a beta of 1.11.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in IYG. Triumph Capital Management bought a new position in shares of iShares U.S. Financial Services ETF in the 3rd quarter valued at $26,000. Evolution Wealth Management Inc. bought a new stake in shares of iShares U.S. Financial Services ETF during the 2nd quarter worth $36,000. Smartleaf Asset Management LLC acquired a new stake in iShares U.S. Financial Services ETF in the third quarter valued at about $36,000. AlphaCore Capital LLC grew its position in iShares U.S. Financial Services ETF by 1,173.2% in the second quarter. AlphaCore Capital LLC now owns 522 shares of the company’s stock valued at $45,000 after acquiring an additional 481 shares during the last quarter. Finally, Mather Group LLC. bought a new position in iShares U.S. Financial Services ETF in the third quarter valued at about $49,000.
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. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.
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