iShares U.S. Financials ETF (NYSEARCA:IYF) Sets New 52-Week High – Time to Buy?

iShares U.S. Financials ETF (NYSEARCA:IYF) reached a new 52-week high on Wednesday . The company traded as high as $113.73 and last traded at $113.27, with a volume of 108101 shares trading hands. The stock had previously closed at $107.18.

iShares U.S. Financials ETF Stock Performance

The stock has a 50 day simple moving average of $104.98 and a two-hundred day simple moving average of $99.27. The firm has a market cap of $3.18 billion, a PE ratio of 16.14 and a beta of 0.84.

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

A number of institutional investors have recently modified their holdings of IYF. GPS Wealth Strategies Group LLC grew its position in shares of iShares U.S. Financials ETF by 436.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 268 shares of the company’s stock valued at $25,000 after acquiring an additional 218 shares during the period. Rothschild Investment LLC acquired a new stake in shares of iShares U.S. Financials ETF during the 2nd quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new stake in shares of iShares U.S. Financials ETF during the 3rd quarter valued at about $41,000. Bogart Wealth LLC grew its position in shares of iShares U.S. Financials ETF by 34.2% during the 3rd quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock valued at $43,000 after acquiring an additional 106 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares U.S. Financials ETF during the 2nd quarter valued at about $57,000.

About iShares U.S. Financials ETF

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.