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

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

iShares U.S. Financial Services ETF Trading Down 0.8 %

The firm’s 50-day simple moving average is $63.89 and its 200 day simple moving average is $58.57. The stock has a market cap of $1.26 billion, a P/E ratio of 5.90 and a beta of 1.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Carnegie Capital Asset Management LLC bought a new position in shares of iShares U.S. Financial Services ETF in the third quarter valued at approximately $243,000. Turim 21 Investimentos Ltda. bought a new position in iShares U.S. Financial Services ETF during the 1st quarter valued at $48,000. Ancora Advisors LLC acquired a new position in shares of iShares U.S. Financial Services ETF during the 1st quarter valued at $38,000. Snider Financial Group raised its stake in shares of iShares U.S. Financial Services ETF by 1.7% in the 1st quarter. Snider Financial Group now owns 19,550 shares of the company’s stock worth $3,526,000 after buying an additional 320 shares in the last quarter. Finally, Mariner LLC lifted its holdings in shares of iShares U.S. Financial Services ETF by 67.7% in the first quarter. Mariner LLC now owns 36,758 shares of the company’s stock valued at $6,629,000 after buying an additional 14,836 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.