IYG - iShares US Financial Services ETF

NYSEArca - NYSEArca Delayed price. Currency in USD
128.12
-3.68 (-2.79%)
At close: 3:59PM EDT
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Previous close131.80
Open131.16
Bid129.37 x 800
Ask132.61 x 800
Day's range127.44 - 131.78
52-week range104.43 - 141.26
Volume100,499
Avg. volume108,206
Net assets1.43B
NAV128.17
PE ratio (TTM)N/A
Yield1.64%
YTD return15.13%
Beta (3Y monthly)1.16
Expense ratio (net)0.43%
Inception date2000-06-12
Trade prices are not sourced from all markets
  • Financial ETFs Caught Between Solid Earnings & Falling Yields
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    Financial ETFs Caught Between Solid Earnings & Falling Yields

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  • Tap Financial ETFs Ahead of Q2 Earnings Season
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    Tap Financial ETFs Ahead of Q2 Earnings Season

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  • Big Banks Clear Fed's Stress Test, ETFs Rally
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    Big Banks Clear Fed's Stress Test, ETFs Rally

    Majority of U.S. big banks cleared the Fed Stress Test and announced dividend hikes and share repurchases, pushing bank ETFs up.

  • Broader Market Gained after Fed Chair Hinted at Rate Cut
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    Broader Market Gained after Fed Chair Hinted at Rate Cut

    Broader Market Gained after Fed Chair Hinted at Rate CutFed signaled rate cutThe broader US stock market rebounded sharply on June 4 after Fed Chair Jerome Powell indicated a possible rate cut in the near future. In his speech yesterday at the

  • Banking Earnings Mixed, ETFs Gain Moderately
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    Banking Earnings Mixed, ETFs Gain Moderately

    Banking earnings have been pretty mixed so far in the first quarter but the related ETFs have gained in the key reporting spell.

  • Forget Rate Woes, Bank ETFs to Stay Strong on Unicorn IPOs
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    Forget Rate Woes, Bank ETFs to Stay Strong on Unicorn IPOs

    A slight flattening of the yield curve may hurt bank stocks' profitability, but underwriting of several unicorn IPOs should help these financial ETFs.

  • Why Bank ETFs Can Continue to Rise Despite Mixed Q4 Earnings
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    Why Bank ETFs Can Continue to Rise Despite Mixed Q4 Earnings

    Big U.S. banks are rallying despite having come up with mixed results. Will the rally last?

  • Are Bank ETFs Good Buys Before Earnings Release?
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    Are Bank ETFs Good Buys Before Earnings Release?

    Earnings beat prospect in Q4 for banks may be bleak, but a steepening yield curve and cheaper valuation could boost bank ETFs in the near term.

  • Visa Has a Premium Valuation after Strong Q4 Results
    Market Realist

    Visa Has a Premium Valuation after Strong Q4 Results

    At current market prices, Visa (V) trades at a premium valuation to most of its peers except Mastercard (MA) and PayPal (PYPL). The trailing-12-month (or TTM) PE ratio for Visa is 29.2x, which is lower than Mastercard’s and PayPal’s multiples of 34.7x and 36.4x, respectively. However, Visa’s PE ratio is much higher than its other peer, Global Payments (GPN), which trades at a multiple of 23.8x.

  • Why Financial ETFs Are Down Despite Decent Bank Earnings
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    Why Financial ETFs Are Down Despite Decent Bank Earnings

    Here is why financial ETFs have been under pressure of late despite decent earnings releases from big banks.

  • Technology Investment to Drive Visa’s Q4 2018 Payment Volumes
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    Technology Investment to Drive Visa’s Q4 2018 Payment Volumes

    Payment modes are shifting rapidly from cash to digital due to continuously evolving digital technology, increasing online transactions, and competitive forces. With its sustained focus on technological innovations, Visa (V) is well-positioned to continue leading this digital transformation. Visa has invested billions of dollars in its technology transformation initiatives in the last several years.

  • Mastercard Near Its 52-Week High: Is Upside Potential Still Left?
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    Mastercard Near Its 52-Week High: Is Upside Potential Still Left?

    Mastercard (MA) has made a remarkable run over the last one-and-a-half years. The stock traded at ~$103.00 at the beginning of 2017, and it currently trades at ~$211.00—almost double its stock price in that timeframe. The stock is currently trading near its 52-week high of $217.35, which it attained on September 4.

  • Visa to Gain from Technological Transformation Initiatives
    Market Realist

    Visa to Gain from Technological Transformation Initiatives

    Payments are shifting rapidly from cash to digital mainly due to continuously evolving digital technology, increasing online transactions, and competitive forces. Visa (V) with its sustained focus on technological innovations is well-positioned to continue leading this digital transformation. Over the years, the leading payment processor company has invested billions of dollars in its technology transformation initiatives.

  • Visa Sizzles on Strong Digitization Trends and Improving Economy
    Market Realist

    Visa Sizzles on Strong Digitization Trends and Improving Economy

    Visa stock (V) has sparkled over the last one and half years. Year-to-date, Visa stock has returned ~25%, much better than the iShares U.S. Financial Services ETF (IYG) and the SPDR S&P 500 ETF (SPY), which are up 5.6% and 8.3%, respectively. Visa’s revenues and earnings per share (or EPS) have topped the Wall Street estimates in the last eight quarters and seen a significant YoY improvement.

  • JPMorgan Settles Class Action Lawsuit by Black Financial Advisers
    Market Realist

    JPMorgan Settles Class Action Lawsuit by Black Financial Advisers

    JPMorgan Chase (JPM) has settled a class-action lawsuit filed by a group of black financial advisers who alleged racial discrimination. Bloomberg, the financial data and news provider agency, revealed yesterday that six of the bank’s current and former employees had filed the lawsuit. The court documents alleged that the nation’s largest bank is indulged in “systemic, intentional race discrimination” since it assigns lucrative assignments to white advisers while assigning less profitable branches to black advisers.