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

Shares of iShares U.S. Financials ETF (NYSEARCA:IYFGet Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $133.62 and last traded at $133.62, with a volume of 859648 shares traded. The stock had previously closed at $131.89.

iShares U.S. Financials ETF Trading Down 1.8%

The business has a 50-day moving average price of $125.66 and a 200-day moving average price of $124.91. The stock has a market cap of $4.02 billion, a PE ratio of 16.42 and a beta of 0.90.

Hedge Funds Weigh In On iShares U.S. Financials ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IYF. AQR Capital Management LLC purchased a new stake in shares of iShares U.S. Financials ETF during the first quarter worth about $426,000. Integrated Wealth Concepts LLC lifted its stake in iShares U.S. Financials ETF by 45.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,282 shares of the company’s stock valued at $483,000 after buying an additional 1,343 shares in the last quarter. Jane Street Group LLC purchased a new position in iShares U.S. Financials ETF in the 1st quarter valued at about $247,000. Focus Partners Wealth boosted its holdings in iShares U.S. Financials ETF by 8.6% in the 1st quarter. Focus Partners Wealth now owns 2,093 shares of the company’s stock worth $236,000 after buying an additional 165 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in iShares U.S. Financials ETF by 33.7% in the 2nd quarter. First Trust Advisors LP now owns 2,557 shares of the company’s stock worth $309,000 after buying an additional 645 shares during the last quarter.

iShares U.S. Financials ETF Company Profile

(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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

Further Reading

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