iShares U.S. Financials ETF (NYSEARCA:IYF – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 231,927 shares were traded during mid-day trading, a decline of 38% from the previous session’s volume of 372,227 shares.The stock last traded at $136.61 and had previously closed at $137.36.
iShares U.S. Financials ETF Stock Performance
The stock has a 50 day moving average price of $133.43 and a two-hundred day moving average price of $126.30. The company has a market capitalization of $4.62 billion, a PE ratio of 16.42 and a beta of 0.89.
Hedge Funds Weigh In On iShares U.S. Financials ETF
A number of hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new stake in iShares U.S. Financials ETF in the first quarter valued at approximately $426,000. Integrated Wealth Concepts LLC increased its stake in shares of 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 purchasing an additional 1,343 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of iShares U.S. Financials ETF during the 1st quarter worth $247,000. Focus Partners Wealth raised its holdings in shares of iShares U.S. Financials ETF by 8.6% during the 1st quarter. Focus Partners Wealth now owns 2,093 shares of the company’s stock valued at $236,000 after purchasing an additional 165 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of iShares U.S. Financials ETF by 33.7% during the 2nd quarter. First Trust Advisors LP now owns 2,557 shares of the company’s stock valued at $309,000 after purchasing an additional 645 shares in the last quarter.
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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