iShares US Financials ETF (NYSEARCA:IYF)’s share price were up 4.9% during mid-day trading on Wednesday following a dividend announcement from the company. The stock traded as high as $92.28 and last traded at $96.53, approximately 1,110 shares were traded during mid-day trading. A decline of 100% from the average daily volume of 315,657 shares. The stock had previously closed at $92.03.
The newly announced dividend which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.6973 per share. This represents a $2.79 annualized dividend and a dividend yield of 2.76%. This is a positive change from iShares US Financials ETF’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, March 25th.
The company has a fifty day moving average price of $122.74 and a 200-day moving average price of $130.94.
Several institutional investors have recently made changes to their positions in IYF. Quantum Capital Management acquired a new stake in shares of iShares US Financials ETF during the 3rd quarter valued at about $26,000. Sugarloaf Wealth Management LLC acquired a new stake in shares of iShares US Financials ETF during the 4th quarter valued at about $26,000. Verus Capital Partners LLC acquired a new stake in shares of iShares US Financials ETF during the 4th quarter valued at about $29,000. Coastal Capital Group Inc. acquired a new stake in shares of iShares US Financials ETF during the 4th quarter valued at about $33,000. Finally, RPG Investment Advisory LLC lifted its holdings in shares of iShares US Financials ETF by 492.5% during the 4th quarter. RPG Investment Advisory LLC now owns 237 shares of the company’s stock valued at $33,000 after buying an additional 197 shares during the last quarter.
About iShares US Financials ETF (NYSEARCA:IYF)
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.
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