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

iShares U.S. Financial Services ETF (NYSEARCA:IYG)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $84.00 and last traded at $83.33, with a volume of 46145 shares traded. The stock had previously closed at $83.35.

iShares U.S. Financial Services ETF Stock Down 0.0 %

The firm has a market capitalization of $1.68 billion, a P/E ratio of 5.95 and a beta of 0.91. The business’s 50 day moving average is $79.90 and its two-hundred day moving average is $74.42.

Institutional Trading of iShares U.S. Financial Services ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IYG. Carnegie Investment Counsel raised its position in iShares U.S. Financial Services ETF by 2.6% in the fourth quarter. Carnegie Investment Counsel now owns 5,323 shares of the company’s stock worth $414,000 after acquiring an additional 135 shares in the last quarter. Commerce Bank raised its holdings in shares of iShares U.S. Financial Services ETF by 5.4% in the 3rd quarter. Commerce Bank now owns 3,954 shares of the company’s stock worth $281,000 after purchasing an additional 204 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in iShares U.S. Financial Services ETF by 6.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,507 shares of the company’s stock valued at $249,000 after purchasing an additional 213 shares during the last quarter. Wetzel Investment Advisors Inc. boosted its holdings in iShares U.S. Financial Services ETF by 5.5% during the third quarter. Wetzel Investment Advisors Inc. now owns 4,157 shares of the company’s stock worth $295,000 after buying an additional 215 shares in the last quarter. Finally, Financial Avengers Inc. acquired a new position in iShares U.S. Financial Services ETF in the third quarter worth approximately $28,000.

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.