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

iShares U.S. Financial Services ETF (NYSEARCA:IYG) shares reached a new 52-week high during trading on Monday . The stock traded as high as $95.25 and last traded at $95.4190, with a volume of 32542 shares traded. The stock had previously closed at $92.87.

iShares U.S. Financial Services ETF Stock Performance

The business has a 50 day moving average of $89.92 and a two-hundred day moving average of $88.39. The stock has a market capitalization of $2.14 billion, a PE ratio of 18.95 and a beta of 1.11.

Institutional Trading of iShares U.S. Financial Services ETF

A number of institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of iShares U.S. Financial Services ETF by 2.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,323,623 shares of the company’s stock worth $118,650,000 after acquiring an additional 27,298 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in iShares U.S. Financial Services ETF by 4.2% in the second quarter. Foundations Investment Advisors LLC now owns 505,496 shares of the company’s stock worth $43,270,000 after purchasing an additional 20,565 shares during the last quarter. Bank of America Corp DE increased its position in shares of iShares U.S. Financial Services ETF by 1.8% during the third quarter. Bank of America Corp DE now owns 502,126 shares of the company’s stock worth $45,011,000 after purchasing an additional 8,857 shares in the last quarter. Kozak & Associates Inc. lifted its holdings in shares of iShares U.S. Financial Services ETF by 30.8% during the 3rd quarter. Kozak & Associates Inc. now owns 417,733 shares of the company’s stock valued at $35,875,000 after purchasing an additional 98,267 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. boosted its position in shares of iShares U.S. Financial Services ETF by 2.8% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 404,827 shares of the company’s stock worth $36,289,000 after purchasing an additional 11,164 shares in 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. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.