iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sets New 12-Month High – Here’s Why

iShares U.S. Financial Services ETF (NYSEARCA:IYG)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $82.76 and last traded at $82.76, with a volume of 5072 shares traded. The stock had previously closed at $82.06.

iShares U.S. Financial Services ETF Stock Up 0.3 %

The company has a market capitalization of $1.66 billion, a PE ratio of 5.95 and a beta of 0.91. The firm has a 50-day moving average of $74.86 and a two-hundred day moving average of $69.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. RiverFront Investment Group LLC boosted its position in shares of iShares U.S. Financial Services ETF by 2.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,448,241 shares of the company’s stock valued at $94,440,000 after purchasing an additional 38,283 shares during the period. GSA Capital Partners LLP raised its holdings in shares of iShares U.S. Financial Services ETF by 22.7% in the third quarter. GSA Capital Partners LLP now owns 3,892 shares of the company’s stock valued at $276,000 after buying an additional 720 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in iShares U.S. Financial Services ETF during the 3rd quarter valued at approximately $376,000. OneDigital Investment Advisors LLC acquired a new position in shares of iShares U.S. Financial Services ETF in the third quarter valued at approximately $205,000. Finally, Cetera Investment Advisers raised its stake in shares of iShares U.S. Financial Services ETF by 1.8% during the second quarter. Cetera Investment Advisers now owns 32,701 shares of the company’s stock worth $2,132,000 after purchasing an additional 569 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.