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

iShares U.S. Financial Services ETF (NYSEARCA:IYG) hit a new 52-week high during trading on Tuesday . The company traded as high as $96.10 and last traded at $96.10, with a volume of 22636 shares traded. The stock had previously closed at $95.36.

iShares U.S. Financial Services ETF Trading Up 1.0%

The stock has a market capitalization of $2.16 billion, a PE ratio of 18.95 and a beta of 0.96. The firm’s fifty day moving average price is $91.19 and its two-hundred day moving average price is $88.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in shares of iShares U.S. Financial Services ETF during the 3rd quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in iShares U.S. Financial Services ETF in the 4th quarter worth about $28,000. Farther Finance Advisors LLC purchased a new position in iShares U.S. Financial Services ETF during the fourth quarter worth approximately $29,000. Capital Advisors Ltd. LLC boosted its position in iShares U.S. Financial Services ETF by 49.8% during the first quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 126 shares in the last quarter. Finally, Merrithew & Thorsten Inc acquired a new stake in iShares U.S. Financial Services ETF in the fourth quarter valued at approximately $39,000.

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.