iShares U.S. Financials ETF (NYSEARCA:IYF) Reaches New 52-Week High – Here’s What Happened

iShares U.S. Financials ETF (NYSEARCA:IYF) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $136.00 and last traded at $135.82, with a volume of 2777 shares. The stock had previously closed at $134.06.

iShares U.S. Financials ETF Price Performance

The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 16.42 and a beta of 0.90. The business has a fifty day moving average of $128.71 and a 200 day moving average of $125.23.

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

Several institutional investors have recently bought and sold shares of IYF. Northwestern Mutual Wealth Management Co. boosted its position in iShares U.S. Financials ETF by 488.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock valued at $504,583,000 after buying an additional 3,248,510 shares during the period. Dynasty Wealth Management LLC raised its stake in shares of 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 acquiring an additional 1,489,376 shares in the last quarter. Bank of America Corp DE raised its stake in shares of iShares U.S. Financials ETF by 5.7% in the third quarter. Bank of America Corp DE now owns 1,586,519 shares of the company’s stock valued at $200,917,000 after acquiring an additional 86,197 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 682,543 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in iShares U.S. Financials ETF in the fourth quarter valued at $103,827,000.

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.