iShares U.S. Financial Services ETF (NYSEARCA:IYG – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 165,099 shares traded hands during mid-day trading, an increase of 184% from the previous session’s volume of 58,130 shares.The stock last traded at $82.54 and had previously closed at $81.61.
iShares U.S. Financial Services ETF Trading Up 2.1 %
The company has a 50 day simple moving average of $81.28 and a 200 day simple moving average of $76.82. The stock has a market capitalization of $1.69 billion, a PE ratio of 17.45 and a beta of 0.91.
Institutional Investors Weigh In On iShares U.S. Financial Services ETF
A number of institutional investors and hedge funds have recently modified their holdings of IYG. Roxbury Financial LLC acquired a new stake in iShares U.S. Financial Services ETF during the 4th quarter valued at $25,000. Financial Avengers Inc. acquired a new stake in iShares U.S. Financial Services ETF during the 3rd quarter valued at $28,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter worth $50,000. Hopwood Financial Services Inc. acquired a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter worth $55,000. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of iShares U.S. Financial Services ETF by 63.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 858 shares of the company’s stock worth $67,000 after purchasing an additional 333 shares during 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.
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