IYG Stock Summary and Trading Ideas (iShares U.S. Financial Services ETF | ARCA:IYG)

The iShares Dow Jones U.S. Financial Services Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the financial-services sector of the U.S. equity market as represented by the Dow Jones U.S. Financial Services Index.

iShares U.S. Financial Services ETF trades on the ARCA stock market under the symbol IYG.

As of April 26, 2024, IYG stock price declined to $64.54 with 34,455 million shares trading.

IYG has a beta of 1.08, meaning it tends to be more sensitive to market movements. IYG has a correlation of 0.64 to the broad based SPY ETF.

IYG has a market cap of $1.30 billion. This is considered a Small Cap stock.

In the last 3 years, IYG stock traded as high as $68.33 and as low as $45.82.

IYG has outperformed the market in the last year with a price return of +30.1% while the SPY ETF gained +26.8%. IYG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +7.0% and +0.4%, respectively, while the SPY returned +4.5% and -1.9%, respectively.

IYG support price is $63.89 and resistance is $65.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IYG stock will trade within this expected range on the day.