iShares U.S. Financial Services ETF (NYSEARCA:IYG) Reaches New 1-Year High at $70.12

Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) hit a new 52-week high on Friday . The stock traded as high as $70.12 and last traded at $69.87, with a volume of 5120 shares trading hands. The stock had previously closed at $69.07.

iShares U.S. Financial Services ETF Stock Up 1.1 %

The stock has a fifty day moving average price of $66.96 and a 200-day moving average price of $65.26. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91.

Institutional Trading of iShares U.S. Financial Services ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Indiana Trust & Investment Management CO raised its holdings in iShares U.S. Financial Services ETF by 100.0% during the first quarter. Indiana Trust & Investment Management CO now owns 402 shares of the company’s stock worth $27,000 after purchasing an additional 201 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in iShares U.S. Financial Services ETF during the 2nd quarter worth approximately $27,000. Frazier Financial Advisors LLC purchased a new position in shares of iShares U.S. Financial Services ETF during the 4th quarter worth approximately $29,000. Fortis Group Advisors LLC lifted its holdings in shares of iShares U.S. Financial Services ETF by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 160 shares of the company’s stock valued at $29,000 after buying an additional 80 shares during the period. Finally, Salem Investment Counselors Inc. boosted its stake in shares of iShares U.S. Financial Services ETF by 200.0% in the first quarter. Salem Investment Counselors Inc. now owns 450 shares of the company’s stock valued at $30,000 after buying an additional 300 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.