iShares U.S. Financials ETF (NYSEARCA:IYF) Reaches New 12-Month High – Time to Buy?

iShares U.S. Financials ETF (NYSEARCA:IYF)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $132.68 and last traded at $133.0040, with a volume of 25433 shares trading hands. The stock had previously closed at $129.65.

iShares U.S. Financials ETF Price Performance

The business has a 50 day simple moving average of $125.94 and a 200 day simple moving average of $124.18. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02.

Hedge Funds Weigh In On iShares U.S. Financials ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IYF. Financial Life Planners acquired a new position in iShares U.S. Financials ETF during the 3rd quarter worth approximately $27,000. BNP Paribas Financial Markets acquired a new position in shares of iShares U.S. Financials ETF during the third quarter worth $34,000. Davis Capital Management acquired a new position in shares of iShares U.S. Financials ETF during the third quarter worth $35,000. Rise Advisors LLC increased its holdings in iShares U.S. Financials ETF by 60.4% in the second quarter. Rise Advisors LLC now owns 364 shares of the company’s stock valued at $44,000 after buying an additional 137 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in iShares U.S. Financials ETF by 39.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 465 shares of the company’s stock valued at $56,000 after buying an additional 131 shares in the last quarter.

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.