iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sets New 12-Month High at $70.94

iShares U.S. Financial Services ETF (NYSEARCA:IYG) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $70.94 and last traded at $70.86, with a volume of 9283 shares changing hands. The stock had previously closed at $70.48.

iShares U.S. Financial Services ETF Price Performance

The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91. The firm has a 50-day moving average price of $67.41 and a two-hundred day moving average price of $65.54.

Hedge Funds Weigh In On iShares U.S. Financial Services ETF

Hedge funds have recently made changes to their positions in the business. RiverFront Investment Group LLC boosted its holdings in iShares U.S. Financial Services ETF by 2.7% during the second quarter. RiverFront Investment Group LLC now owns 1,448,241 shares of the company’s stock worth $94,440,000 after purchasing an additional 38,283 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of iShares U.S. Financial Services ETF by 1.8% during the 2nd quarter. Cetera Investment Advisers now owns 32,701 shares of the company’s stock worth $2,132,000 after buying an additional 569 shares during the last quarter. Truist Financial Corp grew its holdings in shares of iShares U.S. Financial Services ETF by 3.4% in the 2nd quarter. Truist Financial Corp now owns 82,149 shares of the company’s stock valued at $5,357,000 after acquiring an additional 2,707 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of iShares U.S. Financial Services ETF by 139.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 8,416 shares of the company’s stock valued at $549,000 after acquiring an additional 4,902 shares during the last quarter. Finally, Creative Planning raised its holdings in iShares U.S. Financial Services ETF by 8.2% during the second quarter. Creative Planning now owns 21,180 shares of the company’s stock worth $1,381,000 after acquiring an additional 1,604 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.