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

iShares U.S. Financials ETF (NYSEARCA:IYF) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $116.06 and last traded at $115.81, with a volume of 57451 shares changing hands. The stock had previously closed at $115.08.

iShares U.S. Financials ETF Stock Performance

The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. The company’s 50 day simple moving average is $106.20 and its 200 day simple moving average is $100.13.

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

Hedge funds have recently modified their holdings of the company. Bogart Wealth LLC lifted its holdings in shares of iShares U.S. Financials ETF by 34.2% during the third quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock valued at $43,000 after purchasing an additional 106 shares during the last quarter. Somerset Group LLC raised its holdings in iShares U.S. Financials ETF by 0.5% during the 2nd quarter. Somerset Group LLC now owns 22,995 shares of the company’s stock worth $2,175,000 after buying an additional 114 shares during the period. Larson Financial Group LLC lifted its stake in iShares U.S. Financials ETF by 5.0% during the second quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $248,000 after buying an additional 124 shares in the last quarter. Concourse Financial Group Securities Inc. boosted its holdings in shares of iShares U.S. Financials ETF by 26.5% in the third quarter. Concourse Financial Group Securities Inc. now owns 879 shares of the company’s stock worth $91,000 after buying an additional 184 shares during the period. Finally, HCR Wealth Advisors increased its position in shares of iShares U.S. Financials ETF by 5.0% in the third quarter. HCR Wealth Advisors now owns 4,124 shares of the company’s stock worth $429,000 after acquiring an additional 195 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.