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

iShares U.S. Financials ETF (NYSEARCA:IYF) hit a new 52-week high during trading on Thursday . The stock traded as high as $116.58 and last traded at $116.49, with a volume of 44830 shares. The stock had previously closed at $114.84.

iShares U.S. Financials ETF Price Performance

The business’s fifty day moving average price is $107.56 and its 200 day moving average price is $100.94. The stock has a market cap of $3.23 billion, a P/E ratio of 16.14 and a beta of 0.84.

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

Hedge funds have recently modified their holdings of the company. GPS Wealth Strategies Group LLC grew its position in shares of iShares U.S. Financials ETF by 436.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 268 shares of the company’s stock valued at $25,000 after buying an additional 218 shares during the last quarter. Rothschild Investment LLC bought a new stake in iShares U.S. Financials ETF in the second quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new stake in iShares U.S. Financials ETF during the 3rd quarter valued at approximately $41,000. Bogart Wealth LLC raised its holdings in iShares U.S. Financials ETF by 34.2% during the 3rd quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock worth $43,000 after purchasing an additional 106 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares U.S. Financials ETF in the 2nd quarter worth approximately $57,000.

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.