iShares U.S. Financial Services ETF (NYSEARCA:IYG) Hits New 52-Week High at $70.94

iShares U.S. Financial Services ETF (NYSEARCA:IYG)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $70.94 and last traded at $70.86, with a volume of 9283 shares traded. The stock had previously closed at $70.48.

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

The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91. The company has a 50-day moving average price of $67.66 and a 200 day moving average price of $65.65.

Institutional Trading of iShares U.S. Financial Services ETF

A number of institutional investors have recently bought and sold shares of IYG. Indiana Trust & Investment Management CO boosted its position 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 valued at $27,000 after purchasing an additional 201 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in iShares U.S. Financial Services ETF during the second quarter valued at $27,000. Frazier Financial Advisors LLC acquired a new stake in iShares U.S. Financial Services ETF during the fourth quarter valued at $29,000. Fortis Group Advisors LLC boosted its position in iShares U.S. Financial Services ETF by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 160 shares of the company’s stock valued at $29,000 after purchasing an additional 80 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its position in iShares U.S. Financial Services ETF by 200.0% during the first quarter. Salem Investment Counselors Inc. now owns 450 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter.

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.