iShares U.S. Financial Services ETF (NYSEARCA:IYG) Shares Down 0.8%

iShares U.S. Financial Services ETF (NYSEARCA:IYG) dropped 0.8% during trading on Tuesday . The company traded as low as $62.13 and last traded at $62.27. Approximately 77,091 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 68,822 shares. The stock had previously closed at $62.75.

iShares U.S. Financial Services ETF Stock Up 0.3 %

The company has a market capitalization of $1.27 billion, a P/E ratio of 5.90 and a beta of 1.00. The business’s 50-day moving average is $63.91 and its two-hundred day moving average is $58.60.

Institutional Investors Weigh In On iShares U.S. Financial Services ETF

Several large investors have recently made changes to their positions in IYG. Carnegie Capital Asset Management LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the 3rd quarter worth approximately $243,000. PGIM Custom Harvest LLC raised its stake in shares of iShares U.S. Financial Services ETF by 1.8% in the third quarter. PGIM Custom Harvest LLC now owns 16,951 shares of the company’s stock valued at $2,621,000 after buying an additional 305 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of iShares U.S. Financial Services ETF by 94.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 491,531 shares of the company’s stock valued at $76,010,000 after buying an additional 238,550 shares during the last quarter. UBS Group AG lifted its position in shares of iShares U.S. Financial Services ETF by 6.5% during the 3rd quarter. UBS Group AG now owns 100,505 shares of the company’s stock valued at $15,542,000 after buying an additional 6,116 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of iShares U.S. Financial Services ETF by 13.4% during the 3rd quarter. HighTower Advisors LLC now owns 15,899 shares of the company’s stock worth $2,459,000 after acquiring an additional 1,876 shares during the period.

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.