iShares U.S. Financial Services ETF (NYSEARCA:IYG) Reaches New 12-Month High – What’s Next?

Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) hit a new 52-week high during trading 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 Up 0.5%

The company has a market capitalization of $2.24 billion, a P/E ratio of 18.95 and a beta of 0.96. The firm has a 50-day moving average price of $93.15 and a two-hundred day moving average price of $88.82.

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

Large investors have recently bought and sold shares of the stock. Lido Advisors LLC increased its stake in iShares U.S. Financial Services ETF by 3.7% in the third quarter. Lido Advisors LLC now owns 3,336 shares of the company’s stock valued at $299,000 after purchasing an additional 120 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of iShares U.S. Financial Services ETF by 49.8% during the first quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 126 shares in the last quarter. Comerica Bank boosted its position in shares of iShares U.S. Financial Services ETF by 0.5% during the third quarter. Comerica Bank now owns 27,416 shares of the company’s stock worth $2,458,000 after purchasing an additional 131 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of iShares U.S. Financial Services ETF by 9.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,756 shares of the company’s stock valued at $162,000 after buying an additional 150 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in shares of iShares U.S. Financial Services ETF by 4.1% in the 1st quarter. D.A. Davidson & CO. now owns 4,786 shares of the company’s stock valued at $396,000 after buying an additional 188 shares during the period.

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. 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.