iShares U.S. Financial Services ETF (NYSEARCA:IYG) Reaches New 52-Week High – Here’s What Happened

iShares U.S. Financial Services ETF (NYSEARCA:IYG) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $98.70 and last traded at $98.7180, with a volume of 134,780 shares trading hands. The stock had previously closed at $95.42.

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

The company has a market cap of $2.27 billion, a P/E ratio of 16.62 and a beta of 0.97. The firm has a 50 day moving average of $93.92 and a 200-day moving average of $90.56.

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

Several hedge funds have recently made changes to their positions in IYG. Financial Freedom LLC acquired a new position in shares of iShares U.S. Financial Services ETF during the third quarter valued at about $103,000. Moors & Cabot Inc. purchased a new position in shares of iShares U.S. Financial Services ETF in the 3rd quarter valued at approximately $237,000. Valmark Advisers Inc. purchased a new position in shares of iShares U.S. Financial Services ETF in the 3rd quarter valued at approximately $344,000. CENTRAL TRUST Co acquired a new stake in iShares U.S. Financial Services ETF in the 3rd quarter worth approximately $65,000. Finally, Jacobi Capital Management LLC acquired a new stake in iShares U.S. Financial Services ETF in the 3rd quarter worth approximately $178,000.

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.