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

iShares U.S. Financials ETF (NYSEARCA:IYF)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $135.05 and last traded at $134.86, with a volume of 28500 shares. The stock had previously closed at $133.30.

iShares U.S. Financials ETF Price Performance

The company has a market cap of $4.22 billion, a P/E ratio of 16.42 and a beta of 0.90. The business’s 50 day moving average price is $126.20 and its 200-day moving average price is $124.97.

Institutional Trading of iShares U.S. Financials ETF

Several large investors have recently made changes to their positions in IYF. Centerline Wealth Advisors LLC bought a new position in shares of iShares U.S. Financials ETF in the fourth quarter worth about $5,353,000. Cyndeo Wealth Partners LLC grew its stake in shares of iShares U.S. Financials ETF by 149.5% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 17,451 shares of the company’s stock valued at $2,250,000 after purchasing an additional 10,456 shares during the last quarter. Brendel Financial Advisors LLC acquired a new stake in shares of iShares U.S. Financials ETF in the fourth quarter valued at approximately $913,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares U.S. Financials ETF by 488.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock valued at $504,583,000 after purchasing an additional 3,248,510 shares in the last quarter. Finally, Cottonwood Capital Advisors LLC bought a new position in iShares U.S. Financials ETF in the 1st quarter worth approximately $684,000.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.