iShares U.S. Financials ETF (NYSEARCA:IYF – Get Free Report) shares crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $131.45 and traded as high as $133.31. iShares U.S. Financials ETF shares last traded at $132.97, with a volume of 405,509 shares traded.
iShares U.S. Financials ETF Stock Performance
The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 16.42 and a beta of 0.91. The company has a 50-day moving average price of $131.45 and a 200-day moving average price of $127.67.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Forte Asset Management LLC increased its stake in iShares U.S. Financials ETF by 1.1% in the third quarter. Forte Asset Management LLC now owns 7,531 shares of the company’s stock valued at $946,000 after purchasing an additional 84 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in iShares U.S. Financials ETF by 1.5% in the third quarter. Prime Capital Investment Advisors LLC now owns 6,109 shares of the company’s stock worth $768,000 after purchasing an additional 89 shares during the period. CX Institutional raised its holdings in iShares U.S. Financials ETF by 0.5% in the third quarter. CX Institutional now owns 20,255 shares of the company’s stock worth $2,545,000 after purchasing an additional 98 shares during the period. Westside Investment Management Inc. raised its holdings in iShares U.S. Financials ETF by 16.9% in the third quarter. Westside Investment Management Inc. now owns 690 shares of the company’s stock worth $87,000 after purchasing an additional 100 shares during the period. Finally, Allworth Financial LP boosted its position in shares of iShares U.S. Financials ETF by 5.3% during the second quarter. Allworth Financial LP now owns 2,021 shares of the company’s stock worth $258,000 after purchasing an additional 101 shares in the last quarter.
iShares U.S. Financials ETF Company Profile
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.
See Also
- Five stocks we like better than iShares U.S. Financials ETF
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
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.
