iShares U.S. Financials ETF (NYSEARCA:IYF – Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 557,711 shares traded hands during trading, an increase of 43% from the previous session’s volume of 389,757 shares.The stock last traded at $123.08 and had previously closed at $121.76.
iShares U.S. Financials ETF Stock Performance
The business has a 50 day simple moving average of $120.71 and a 200-day simple moving average of $124.46. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 16.42 and a beta of 0.92.
Hedge Funds Weigh In On iShares U.S. Financials ETF
Several institutional investors and hedge funds have recently bought and sold shares of the company. Financial Life Planners purchased a new stake in shares of iShares U.S. Financials ETF in the 1st quarter valued at approximately $25,000. Ransom Advisory Ltd purchased a new stake in shares of iShares U.S. Financials ETF during the 4th quarter valued at approximately $26,000. Flagship Harbor Advisors LLC acquired a new position in iShares U.S. Financials ETF in the fourth quarter valued at approximately $26,000. Key Capital Management INC purchased a new position in iShares U.S. Financials ETF in the fourth quarter worth approximately $28,000. Finally, Hazlett Burt & Watson Inc. grew its position in iShares U.S. Financials ETF by 666.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 230 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the period.
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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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