Financial ETF

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Financial ETF (IYG) Hits New 52-Week High
ZACKSยท 2025-09-18 16:45
Group 1 - iShares U.S. Financial Services ETF (IYG) has reached a 52-week high and has increased by 37.13% from its 52-week low price of $65.98 per share [1] - The underlying index, Dow Jones U.S. Financial Services Index, tracks the performance of the U.S. financial services sector and the fund charges 39 basis points in annual fees [2] - Recent monetary policy changes, including a 25-basis point rate cut, are expected to benefit the financial sector by potentially lowering capital costs for banks [3] Group 2 - IYG holds a Zacks ETF Rank of 2 (Buy) and has a high-risk outlook, indicating potential for continued strong performance [4] - The fund has a positive weighted alpha of 26.31, suggesting a likelihood of further gains in the near term [4]