iShares U.S. Financials ETF (NYSEARCA:IYF) Reaches New 52-Week High – Should You Buy?

iShares U.S. Financials ETF (NYSEARCA:IYF) shares reached a new 52-week high on Thursday . The company traded as high as $138.87 and last traded at $138.86, with a volume of 104289 shares traded. The stock had previously closed at $136.27.

iShares U.S. Financials ETF Stock Down 0.7%

The firm has a fifty day moving average of $135.02 and a 200-day moving average of $126.95. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 16.42 and a beta of 0.89.

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

A number of large investors have recently added to or reduced their stakes in the business. Financial Life Planners purchased a new stake in shares of iShares U.S. Financials ETF in the first quarter valued at about $25,000. Hazlett Burt & Watson Inc. increased its position in iShares U.S. Financials ETF by 666.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 230 shares of the company’s stock worth $30,000 after buying an additional 200 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of iShares U.S. Financials ETF in the fourth quarter worth $32,000. MCF Advisors LLC purchased a new stake in shares of iShares U.S. Financials ETF in the fourth quarter valued at $34,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of iShares U.S. Financials ETF during the third quarter valued at $34,000.

About iShares U.S. Financials ETF

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.