iShares U.S. Financials ETF (NYSEARCA:IYF – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $137.01 and last traded at $136.99, with a volume of 1072132 shares. The stock had previously closed at $135.92.
iShares U.S. Financials ETF Trading Up 1.0%
The firm has a fifty day moving average price of $129.62 and a 200 day moving average price of $125.35. The firm has a market cap of $4.63 billion, a PE ratio of 16.42 and a beta of 0.90.
Institutional Investors Weigh In On iShares U.S. Financials ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares U.S. Financials ETF by 488.4% during the 4th 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 last quarter. Dynasty Wealth Management LLC lifted its position in iShares U.S. Financials ETF by 545.2% in the fourth quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock valued at $227,246,000 after buying an additional 1,489,376 shares during the last quarter. Hsbc Holdings PLC acquired a new position in iShares U.S. Financials ETF in the fourth quarter valued at about $103,827,000. JPMorgan Chase & Co. lifted its position in iShares U.S. Financials ETF by 184.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,053,341 shares of the company’s stock valued at $135,807,000 after buying an additional 682,543 shares during the last quarter. Finally, OpenArc Corporate Advisory LLC purchased a new position in iShares U.S. Financials ETF during the fourth quarter worth about $46,860,000.
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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