iShares U.S. Financials ETF (NYSEARCA:IYF – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $135.05 and last traded at $134.86, with a volume of 28500 shares. The stock had previously closed at $133.30.
iShares U.S. Financials ETF Trading Up 0.6%
The business has a 50-day moving average price of $126.61 and a 200 day moving average price of $125.01. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 16.42 and a beta of 0.90.
Institutional Investors Weigh In On iShares U.S. Financials ETF
A number of institutional investors and hedge funds have recently modified their holdings of IYF. AQR Capital Management LLC acquired a new position in shares of iShares U.S. Financials ETF in the 1st quarter valued at $426,000. Integrated Wealth Concepts LLC raised its holdings in iShares U.S. Financials ETF by 45.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,282 shares of the company’s stock worth $483,000 after buying an additional 1,343 shares during the period. Jane Street Group LLC purchased a new stake in iShares U.S. Financials ETF during the first quarter valued at about $247,000. Focus Partners Wealth lifted its stake in iShares U.S. Financials ETF by 8.6% during the first quarter. Focus Partners Wealth now owns 2,093 shares of the company’s stock valued at $236,000 after buying an additional 165 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of iShares U.S. Financials ETF by 33.7% in the second quarter. First Trust Advisors LP now owns 2,557 shares of the company’s stock worth $309,000 after buying an additional 645 shares during the period.
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.
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