iShares U.S. Financial Services ETF (NYSEARCA:IYG) Hits New 12-Month High – Should You Buy?

iShares U.S. Financial Services ETF (NYSEARCA:IYG) reached a new 52-week high during trading on Tuesday . The company traded as high as $74.24 and last traded at $74.20, with a volume of 4150 shares. The stock had previously closed at $73.70.

iShares U.S. Financial Services ETF Trading Up 1.3 %

The company has a market cap of $1.51 billion, a PE ratio of 5.95 and a beta of 0.91. The company’s 50 day moving average is $70.26 and its 200 day moving average is $67.29.

Institutional Trading of iShares U.S. Financial Services ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Indiana Trust & Investment Management CO raised its holdings in shares of iShares U.S. Financial Services ETF by 100.0% in the first quarter. Indiana Trust & Investment Management CO now owns 402 shares of the company’s stock valued at $27,000 after acquiring an additional 201 shares in the last quarter. Carnegie Investment Counsel raised its holdings in shares of iShares U.S. Financial Services ETF by 5.2% in the 3rd quarter. Carnegie Investment Counsel now owns 5,188 shares of the company’s stock valued at $368,000 after purchasing an additional 255 shares in the last quarter. AMG National Trust Bank lifted its position in shares of iShares U.S. Financial Services ETF by 3.0% in the 2nd quarter. AMG National Trust Bank now owns 9,212 shares of the company’s stock worth $601,000 after purchasing an additional 272 shares during the period. Salem Investment Counselors Inc. boosted its stake in shares of 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 in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in iShares U.S. Financial Services ETF by 159.8% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 634 shares of the company’s stock valued at $42,000 after buying an additional 390 shares during the period.

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.