iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sets New 52-Week High – What’s Next?

iShares U.S. Financial Services ETF (NYSEARCA:IYG) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $98.47 and last traded at $97.7430, with a volume of 15396 shares. The stock had previously closed at $97.04.

iShares U.S. Financial Services ETF Trading Down 0.6%

The stock has a market capitalization of $2.23 billion, a P/E ratio of 18.95 and a beta of 0.96. The business has a 50-day moving average price of $95.69 and a 200 day moving average price of $89.69.

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

Hedge funds have recently bought and sold shares of the business. Triumph Capital Management purchased a new stake in shares of iShares U.S. Financial Services ETF during the 3rd quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in iShares U.S. Financial Services ETF during the fourth quarter worth approximately $28,000. Farther Finance Advisors LLC bought a new stake in iShares U.S. Financial Services ETF during the fourth quarter worth approximately $29,000. Highland Investment Advisors LLC purchased a new stake in iShares U.S. Financial Services ETF during the second quarter valued at approximately $34,000. Finally, Capital Advisors Ltd. LLC raised its position in iShares U.S. Financial Services ETF by 49.8% during the first quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock valued at $31,000 after purchasing an additional 126 shares during the period.

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. 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.