iShares U.S. Financials ETF (NYSEARCA:IYF – Get Free Report) shares saw strong trading volume on Monday . 296,397 shares changed hands during mid-day trading, a decline of 18% from the previous session’s volume of 361,187 shares.The stock last traded at $133.33 and had previously closed at $132.95.
iShares U.S. Financials ETF Trading Up 0.3%
The stock has a market capitalization of $4.24 billion, a P/E ratio of 16.42 and a beta of 0.90. The company has a fifty day simple moving average of $126.40 and a two-hundred day simple moving average of $124.99.
Institutional Investors Weigh In On iShares U.S. Financials ETF
Several institutional investors have recently modified their holdings of IYF. Centerline Wealth Advisors LLC bought a new position in iShares U.S. Financials ETF during the 4th quarter worth approximately $5,353,000. Cyndeo Wealth Partners LLC increased its stake in iShares U.S. Financials ETF by 149.5% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 17,451 shares of the company’s stock valued at $2,250,000 after purchasing an additional 10,456 shares in the last quarter. Brendel Financial Advisors LLC bought a new stake in iShares U.S. Financials ETF in the fourth quarter valued at approximately $913,000. Northwestern Mutual Wealth Management Co. raised its holdings in iShares U.S. Financials ETF by 488.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock worth $504,583,000 after purchasing an additional 3,248,510 shares during the period. Finally, Cottonwood Capital Advisors LLC acquired a new stake in iShares U.S. Financials ETF in the first quarter worth $684,000.
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.
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