iShares U.S. Financials ETF (NYSEARCA:IYF) Reaches New 1-Year High – Here’s What Happened

iShares U.S. Financials ETF (NYSEARCA:IYF)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $125.92 and last traded at $125.44, with a volume of 245240 shares changing hands. The stock had previously closed at $125.19.

iShares U.S. Financials ETF Stock Performance

The stock has a market cap of $4.30 billion, a P/E ratio of 16.42 and a beta of 1.03. The firm has a 50 day moving average of $121.82 and a two-hundred day moving average of $115.77.

Institutional Trading of iShares U.S. Financials ETF

Hedge funds have recently bought and sold shares of the stock. Accredited Wealth Management LLC bought a new stake in iShares U.S. Financials ETF in the 4th quarter valued at $29,000. Sound Income Strategies LLC bought a new stake in shares of iShares U.S. Financials ETF in the 1st quarter worth approximately $34,000. Park Square Financial Group LLC bought a new stake in shares of iShares U.S. Financials ETF in the 1st quarter worth approximately $34,000. Trust Co. of Vermont bought a new stake in shares of iShares U.S. Financials ETF in the 1st quarter worth approximately $35,000. Finally, Golden State Wealth Management LLC lifted its position in iShares U.S. Financials ETF by 69.0% in the first quarter. Golden State Wealth Management LLC now owns 311 shares of the company’s stock worth $35,000 after purchasing an additional 127 shares during the period.

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.