Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG – Get Free Report) saw an uptick in trading volume on Tuesday . 392,544 shares traded hands during mid-day trading, an increase of 215% from the previous session’s volume of 124,715 shares.The stock last traded at $82.17 and had previously closed at $80.82.
iShares U.S. Financial Services ETF Stock Performance
The stock has a market cap of $1.89 billion, a P/E ratio of 18.95 and a beta of 1.11. The stock’s fifty day moving average is $86.59 and its 200 day moving average is $88.77.
Hedge Funds Weigh In On iShares U.S. Financial Services ETF
A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in iShares U.S. Financial Services ETF by 234.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,031,721 shares of the company’s stock valued at $95,176,000 after buying an additional 723,555 shares during the period. OpenArc Corporate Advisory LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the 4th quarter worth about $55,635,000. Sagespring Wealth Partners LLC purchased a new position in shares of iShares U.S. Financial Services ETF during the 4th quarter worth about $53,175,000. Dynasty Wealth Management LLC bought a new position in iShares U.S. Financial Services ETF during the 4th quarter valued at about $49,084,000. Finally, Kozak & Associates Inc. raised its position in iShares U.S. Financial Services ETF by 30.8% in the 3rd quarter. Kozak & Associates Inc. now owns 417,733 shares of the company’s stock worth $35,875,000 after purchasing an additional 98,267 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.
Further Reading
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