iShares U.S. Financial Services ETF (NYSEARCA:IYG) Reaches New 52-Week High – Should You Buy?

iShares U.S. Financial Services ETF (NYSEARCA:IYGGet Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $98.19 and last traded at $98.06, with a volume of 3661 shares traded. The stock had previously closed at $97.74.

iShares U.S. Financial Services ETF Stock Performance

The company has a market cap of $2.23 billion, a PE ratio of 18.95 and a beta of 0.96. The firm’s 50 day moving average is $93.55 and its 200-day moving average is $88.94.

Institutional Investors Weigh In On iShares U.S. Financial Services ETF

A number of large investors have recently made changes to their positions in the stock. Triumph Capital Management acquired a new stake in shares of iShares U.S. Financial Services ETF in the third quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in iShares U.S. Financial Services ETF in the 4th quarter valued at $28,000. Farther Finance Advisors LLC purchased a new stake in iShares U.S. Financial Services ETF in the 4th quarter valued at $29,000. Capital Advisors Ltd. LLC increased its stake in shares of iShares U.S. Financial Services ETF by 49.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock worth $31,000 after acquiring an additional 126 shares during the last quarter. Finally, Merrithew & Thorsten Inc acquired a new stake in shares of iShares U.S. Financial Services ETF in the 4th quarter worth $39,000.

About iShares U.S. Financial Services ETF

(Get Free Report)

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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