Shares of iShares U.S. Financials ETF (NYSEARCA:IYF – Get Free Report) saw an uptick in trading volume on Friday. Approximately 1,647,307 shares traded hands during mid-day trading, an increase of 343% from the previous session’s volume of 372,132 shares. The stock last traded at $128.2720 and had previously closed at $128.52.
iShares U.S. Financials ETF Trading Up 0.2%
The company has a market capitalization of $4.00 billion, a PE ratio of 16.42 and a beta of 0.89. The stock has a fifty day moving average of $135.31 and a two-hundred day moving average of $127.94.
Hedge Funds Weigh In On iShares U.S. Financials ETF
Several hedge funds and other institutional investors have recently modified their holdings of IYF. Rockefeller Capital Management L.P. raised its stake in shares of iShares U.S. Financials ETF by 0.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 26,926 shares of the company’s stock worth $3,472,000 after purchasing an additional 86 shares during the last quarter. Root Financial Partners LLC boosted its position in iShares U.S. Financials ETF by 19.4% in the fourth quarter. Root Financial Partners LLC now owns 597 shares of the company’s stock valued at $77,000 after buying an additional 97 shares during the last quarter. Allworth Financial LP boosted its position in iShares U.S. Financials ETF by 5.3% in the second quarter. Allworth Financial LP now owns 2,021 shares of the company’s stock valued at $258,000 after buying an additional 101 shares during the last quarter. North Star Investment Management Corp. increased its holdings in iShares U.S. Financials ETF by 54.7% in the 1st quarter. North Star Investment Management Corp. now owns 328 shares of the company’s stock worth $39,000 after buying an additional 116 shares during the period. Finally, Dagco Inc. increased its holdings in iShares U.S. Financials ETF by 4.4% in the 2nd quarter. Dagco Inc. now owns 3,340 shares of the company’s stock worth $426,000 after buying an additional 140 shares during the period.
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.
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