iShares U.S. Financials ETF (NYSEARCA:IYF – Get Free Report) shares saw unusually-strong trading volume on Thursday. 495,636 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 371,611 shares. The stock last traded at $136.5010 and had previously closed at $136.71.
iShares U.S. Financials ETF Trading Down 2.8%
The business has a 50-day moving average of $131.33 and a 200 day moving average of $127.73. The firm has a market capitalization of $3.80 billion, a P/E ratio of 16.42 and a beta of 0.89.
Institutional Investors Weigh In On iShares U.S. Financials ETF
Several hedge funds and other institutional investors have recently made changes to their positions in IYF. Gerald Baker Financial Group LLC bought a new stake in iShares U.S. Financials ETF during the first quarter worth $1,073,000. The Manufacturers Life Insurance Company bought a new position in shares of iShares U.S. Financials ETF during the 2nd quarter worth approximately $129,579,000. Bank of New York Mellon Corp lifted its position in shares of iShares U.S. Financials ETF by 49.3% during the 1st quarter. Bank of New York Mellon Corp now owns 19,492 shares of the company’s stock worth $2,294,000 after buying an additional 6,439 shares in the last quarter. Commonwealth Financial Services LLC purchased a new position in shares of iShares U.S. Financials ETF in the 3rd quarter worth approximately $561,000. Finally, Phillip James Consulting Co. purchased a new position in shares of iShares U.S. Financials ETF in the 1st quarter worth approximately $954,000.
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.
Read More
- Five stocks we like better than iShares U.S. Financials ETF
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
- South Korea’s Chip Exports Are Soaring—So Why Is This ETF Down 20%?
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.
