iShares U.S. Financials ETF (NYSEARCA:IYF) Hits New 12-Month High – Here’s What Happened

Shares of iShares U.S. Financials ETF (NYSEARCA:IYF) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $110.06 and last traded at $109.83, with a volume of 4153 shares. The stock had previously closed at $109.14.

iShares U.S. Financials ETF Price Performance

The company has a market capitalization of $3.05 billion, a P/E ratio of 16.14 and a beta of 0.84. The stock’s 50 day moving average is $102.74 and its 200-day moving average is $97.69.

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. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares U.S. Financials ETF during the second quarter valued at approximately $56,608,000. LPL Financial LLC raised its stake in shares of iShares U.S. Financials ETF by 21.0% in the second quarter. LPL Financial LLC now owns 475,892 shares of the company’s stock worth $45,005,000 after purchasing an additional 82,599 shares during the last quarter. Wulff Hansen & CO. lifted its holdings in shares of iShares U.S. Financials ETF by 9,357.0% during the second quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock valued at $24,818,000 after purchasing an additional 259,657 shares in the last quarter. Magnus Financial Group LLC boosted its position in shares of iShares U.S. Financials ETF by 2.6% during the third quarter. Magnus Financial Group LLC now owns 188,646 shares of the company’s stock valued at $19,600,000 after buying an additional 4,826 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in iShares U.S. Financials ETF by 133.1% in the 1st quarter. Osaic Holdings Inc. now owns 186,794 shares of the company’s stock worth $17,879,000 after buying an additional 106,650 shares during 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.