Shares of iShares U.S. Financials ETF (NYSEARCA:IYF – Get Free Report) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $131.45 and traded as high as $133.31. iShares U.S. Financials ETF shares last traded at $132.97, with a volume of 405,509 shares.
iShares U.S. Financials ETF Price Performance
The firm has a market capitalization of $3.80 billion, a P/E ratio of 16.42 and a beta of 0.91. The company’s 50 day moving average price is $131.45 and its 200 day moving average price is $127.67.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of iShares U.S. Financials ETF by 7.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,585 shares of the company’s stock valued at $326,000 after acquiring an additional 182 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of iShares U.S. Financials ETF by 16.9% in the 3rd quarter. Westside Investment Management Inc. now owns 690 shares of the company’s stock valued at $87,000 after purchasing an additional 100 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of iShares U.S. Financials ETF in the 3rd quarter valued at $24,344,000. Chicago Partners Investment Group LLC acquired a new position in shares of iShares U.S. Financials ETF in the 3rd quarter valued at $552,000. Finally, Team Financial Group LLC bought a new position in shares of iShares U.S. Financials ETF in the 3rd quarter worth $77,000.
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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