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)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $80.68 and last traded at $80.63, with a volume of 16042 shares trading hands. The stock had previously closed at $79.48.

iShares U.S. Financial Services ETF Price Performance

The company has a market capitalization of $1.65 billion, a P/E ratio of 5.95 and a beta of 0.91. The company has a fifty day moving average price of $74.40 and a 200 day moving average price of $69.64.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial Avengers Inc. bought a new position in iShares U.S. Financial Services ETF in the 3rd quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC bought a new position in iShares U.S. Financial Services ETF during the 2nd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares U.S. Financial Services ETF during the 3rd quarter valued at $38,000. Carolinas Wealth Consulting LLC boosted its stake in iShares U.S. Financial Services ETF by 344.4% during the 2nd 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. boosted its stake in iShares U.S. Financial Services ETF by 200.0% during the 2nd 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.

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.