iShares U.S. Financials ETF (NYSEARCA:IYF – Get Free Report) saw unusually-high trading volume on Monday . Approximately 296,397 shares changed hands during trading, a decline of 18% from the previous session’s volume of 361,187 shares.The stock last traded at $133.33 and had previously closed at $132.95.
iShares U.S. Financials ETF Stock Performance
The company has a market cap of $4.19 billion, a PE ratio of 16.42 and a beta of 0.90. The firm has a fifty day simple moving average of $126.02 and a 200 day simple moving average of $124.95.
Institutional Investors Weigh In On iShares U.S. Financials ETF
Hedge funds have recently modified their holdings of the stock. Centerline Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Financials ETF during the 4th quarter valued at $5,353,000. Cyndeo Wealth Partners LLC boosted its holdings in iShares U.S. Financials ETF by 149.5% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 17,451 shares of the company’s stock valued at $2,250,000 after acquiring an additional 10,456 shares during the last quarter. Brendel Financial Advisors LLC acquired a new position in iShares U.S. Financials ETF in the fourth quarter valued at $913,000. Northwestern Mutual Wealth Management Co. grew its position in iShares U.S. Financials ETF by 488.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock valued at $504,583,000 after acquiring an additional 3,248,510 shares during the period. Finally, Cottonwood Capital Advisors LLC acquired a new stake in iShares U.S. Financials ETF during the first quarter worth about $684,000.
About iShares U.S. Financials ETF
iShares U.S. Financials ETF, formerly iShares Dow Jones U.S. Financial Sector Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Financials Index (the Index). The Index measures the performance of the financial sector of the United States equity market, and includes companies in industry groups, such as banks, non-life insurance, life insurance, real estate and general finance. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
Featured Articles
- Five stocks we like better than iShares U.S. Financials ETF
- China’s Helium Ban Could Reshape the AI Supply Chain
- Analysts See Major Upside for These 5 Stocks
- AMD’s 5C Deal Positions It as a Direct NVIDIA Rival
- AST SpaceMobile’s Next Launches Could Decide Whether Its Rally Regains Orbit
Receive News & Ratings for iShares U.S. Financials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Financials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
