iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sets New 52-Week High – Time to Buy?

iShares U.S. Financial Services ETF (NYSEARCA:IYG)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $84.00 and last traded at $83.33, with a volume of 46145 shares trading hands. The stock had previously closed at $83.35.

iShares U.S. Financial Services ETF Price Performance

The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91. The business’s 50 day moving average price is $80.05 and its 200-day moving average price is $74.55.

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

A number of large investors have recently modified their holdings of IYG. Roxbury Financial LLC purchased a new stake in shares of iShares U.S. Financial Services ETF during the 4th quarter worth approximately $25,000. Financial Avengers Inc. acquired a new stake in iShares U.S. Financial Services ETF in the third quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares U.S. Financial Services ETF in the third quarter valued at $38,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of iShares U.S. Financial Services ETF during the 4th quarter worth $50,000. Finally, EP Wealth Advisors LLC boosted its position in shares of iShares U.S. Financial Services ETF by 28.2% in the 3rd quarter. EP Wealth Advisors LLC now owns 2,247 shares of the company’s stock worth $160,000 after buying an additional 494 shares in the last quarter.

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.