Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG – Get Free Report) saw strong trading volume on Friday . 178,252 shares changed hands during mid-day trading, an increase of 64% from the previous session’s volume of 108,774 shares.The stock last traded at $83.68 and had previously closed at $85.64.
iShares U.S. Financial Services ETF Price Performance
The business has a fifty day moving average price of $90.32 and a 200 day moving average price of $89.53. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 18.95 and a beta of 1.11.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Triumph Capital Management bought a new stake in shares of iShares U.S. Financial Services ETF in the third quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the 4th quarter worth approximately $28,000. Farther Finance Advisors LLC acquired a new stake in shares of iShares U.S. Financial Services ETF during the 4th quarter worth approximately $29,000. Evolution Wealth Management Inc. acquired a new position in shares of iShares U.S. Financial Services ETF in the second quarter valued at $36,000. Finally, Smartleaf Asset Management LLC bought a new position in iShares U.S. Financial Services ETF in the third quarter worth $36,000.
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. 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.
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