iShares U.S. Financial Services ETF (NYSEARCA:IYG) Hits New 12-Month High – Here’s What Happened

iShares U.S. Financial Services ETF (NYSEARCA:IYG)’s share price reached a new 52-week high on Thursday . The stock traded as high as $84.63 and last traded at $84.63, with a volume of 39400 shares trading hands. The stock had previously closed at $83.90.

iShares U.S. Financial Services ETF Stock Up 0.4 %

The stock’s 50 day moving average price is $80.17 and its 200-day moving average price is $75.00. The stock has a market capitalization of $1.70 billion, a P/E ratio of 5.95 and a beta of 0.91.

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

Several institutional investors have recently added to or reduced their stakes in IYG. Jones Financial Companies Lllp raised its position in shares of iShares U.S. Financial Services ETF by 45.8% in the 4th quarter. Jones Financial Companies Lllp now owns 17,156 shares of the company’s stock valued at $1,335,000 after purchasing an additional 5,387 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of iShares U.S. Financial Services ETF by 63.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 858 shares of the company’s stock valued at $67,000 after buying an additional 333 shares during the period. Maia Wealth LLC purchased a new stake in shares of iShares U.S. Financial Services ETF in the fourth quarter worth about $364,000. US Bancorp DE grew its holdings in iShares U.S. Financial Services ETF by 4.6% during the fourth quarter. US Bancorp DE now owns 11,449 shares of the company’s stock worth $891,000 after acquiring an additional 502 shares during the period. Finally, Fisher Asset Management LLC raised its position in iShares U.S. Financial Services ETF by 20.3% during the fourth quarter. Fisher Asset Management LLC now owns 4,221 shares of the company’s stock valued at $328,000 after acquiring an additional 713 shares in the last quarter.

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.