iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sets New 1-Year High – Should You Buy?

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

iShares U.S. Financial Services ETF Price Performance

The business has a 50 day moving average price of $80.26 and a 200 day moving average price of $75.17. The stock has a market capitalization of $1.70 billion, a PE ratio of 5.95 and a beta of 0.91.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cetera Investment Advisers grew its holdings in shares of iShares U.S. Financial Services ETF by 1.8% in the second quarter. Cetera Investment Advisers now owns 32,701 shares of the company’s stock worth $2,132,000 after acquiring an additional 569 shares during the period. Sanctuary Advisors LLC purchased a new stake in iShares U.S. Financial Services ETF during the second quarter valued at approximately $954,000. Carnegie Investment Counsel raised its position in iShares U.S. Financial Services ETF by 5.2% in the third quarter. Carnegie Investment Counsel now owns 5,188 shares of the company’s stock worth $368,000 after acquiring an additional 255 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares U.S. Financial Services ETF during the 3rd quarter valued at $38,000. Finally, Verum Partners LLC bought a new position in iShares U.S. Financial Services ETF in the 3rd quarter worth $213,000.

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.