iShares U.S. Financials ETF (NYSEARCA:IYF) Reaches New 12-Month High – Here’s Why

iShares U.S. Financials ETF (NYSEARCA:IYFGet Free Report)’s share price hit a new 52-week high on Wednesday . The company traded as high as $128.51 and last traded at $128.01, with a volume of 263651 shares. The stock had previously closed at $126.44.

iShares U.S. Financials ETF Stock Performance

The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02. The firm has a fifty day moving average of $123.81 and a 200-day moving average of $122.43.

Institutional Investors Weigh In On iShares U.S. Financials ETF

Large investors have recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of iShares U.S. Financials ETF in the third quarter worth about $27,000. BNP Paribas Financial Markets purchased a new stake in iShares U.S. Financials ETF during the 3rd quarter worth approximately $34,000. Davis Capital Management acquired a new position in shares of iShares U.S. Financials ETF in the 3rd quarter valued at approximately $35,000. Rise Advisors LLC boosted its stake in shares of iShares U.S. Financials ETF by 60.4% during the 2nd quarter. Rise Advisors LLC now owns 364 shares of the company’s stock valued at $44,000 after buying an additional 137 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its stake in shares of iShares U.S. Financials ETF by 39.2% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 465 shares of the company’s stock valued at $56,000 after buying an additional 131 shares during the last quarter.

About iShares U.S. Financials ETF

(Get Free Report)

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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