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

Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) reached a new 52-week high on Thursday . The stock traded as high as $98.19 and last traded at $98.06, with a volume of 3661 shares. The stock had previously closed at $97.74.

iShares U.S. Financial Services ETF Price Performance

The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 18.95 and a beta of 0.96. The business has a 50 day simple moving average of $93.15 and a 200-day simple moving average of $88.82.

Hedge Funds Weigh In On iShares U.S. Financial Services ETF

Several institutional investors have recently modified their holdings of the business. Triumph Capital Management bought a new stake in iShares U.S. Financial Services ETF during the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in iShares U.S. Financial Services ETF in the fourth quarter valued at approximately $28,000. Farther Finance Advisors LLC bought a new position in iShares U.S. Financial Services ETF in the fourth quarter valued at approximately $29,000. Capital Advisors Ltd. LLC boosted its holdings in shares of iShares U.S. Financial Services ETF by 49.8% in the first quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock valued at $31,000 after buying an additional 126 shares during the period. Finally, Merrithew & Thorsten Inc acquired a new position in shares of iShares U.S. Financial Services ETF in the fourth quarter valued at approximately $39,000.

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. 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.