iShares U.S. Financials ETF (NYSEARCA:IYF) Sets New 52-Week High – Here’s What Happened

iShares U.S. Financials ETF (NYSEARCA:IYF) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $137.01 and last traded at $136.99, with a volume of 1072132 shares. The stock had previously closed at $135.92.

iShares U.S. Financials ETF Stock Performance

The company has a market cap of $4.61 billion, a P/E ratio of 16.42 and a beta of 0.89. The business has a 50 day moving average price of $130.18 and a two-hundred day moving average price of $125.46.

Institutional Trading of iShares U.S. Financials ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew 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 worth $504,583,000 after purchasing an additional 3,248,510 shares during the last quarter. Dynasty Wealth Management LLC raised its holdings in iShares U.S. Financials ETF by 545.2% during the 4th quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock valued at $227,246,000 after buying an additional 1,489,376 shares during the last quarter. Bank of America Corp DE raised its holdings in iShares U.S. Financials ETF by 5.7% during the 3rd quarter. Bank of America Corp DE now owns 1,586,519 shares of the company’s stock valued at $200,917,000 after buying an additional 86,197 shares during the last quarter. JPMorgan Chase & Co. boosted its position in iShares U.S. Financials ETF by 184.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,053,341 shares of the company’s stock valued at $135,807,000 after buying an additional 682,543 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in iShares U.S. Financials ETF during the 4th quarter valued at $103,827,000.

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.