iShares U.S. Financials ETF (NYSEARCA:IYF) Reaches New 52-Week High at $102.04

iShares U.S. Financials ETF (NYSEARCA:IYF)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $102.04 and last traded at $101.87, with a volume of 6907 shares. The stock had previously closed at $100.65.

iShares U.S. Financials ETF Stock Performance

The stock’s 50-day simple moving average is $95.87 and its 200 day simple moving average is $92.74. The company has a market capitalization of $2.82 billion, a PE ratio of 16.14 and a beta of 0.84.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Larson Financial Group LLC lifted its position in iShares U.S. Financials ETF by 5.2% during the fourth quarter. Larson Financial Group LLC now owns 2,429 shares of the company’s stock valued at $207,000 after buying an additional 121 shares in the last quarter. HF Advisory Group LLC increased its holdings in shares of iShares U.S. Financials ETF by 2.9% in the 1st quarter. HF Advisory Group LLC now owns 5,070 shares of the company’s stock valued at $485,000 after acquiring an additional 143 shares during the last quarter. Global Trust Asset Management LLC lifted its position in shares of iShares U.S. Financials ETF by 81.1% in the 1st quarter. Global Trust Asset Management LLC now owns 335 shares of the company’s stock worth $32,000 after buying an additional 150 shares during the last quarter. Eudaimonia Advisors LLC lifted its holdings in iShares U.S. Financials ETF by 3.5% in the first quarter. Eudaimonia Advisors LLC now owns 5,261 shares of the company’s stock worth $503,000 after acquiring an additional 179 shares during the last quarter. Finally, CWM LLC boosted its position in iShares U.S. Financials ETF by 5.0% during the 1st quarter. CWM LLC now owns 4,030 shares of the company’s stock valued at $385,000 after purchasing an additional 192 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.