iShares U.S. Financials ETF (NYSEARCA:IYF) Reaches New 1-Year High – Still a Buy?

iShares U.S. Financials ETF (NYSEARCA:IYF) shares hit a new 52-week high on Tuesday . The stock traded as high as $130.50 and last traded at $129.67, with a volume of 365251 shares changing hands. The stock had previously closed at $129.53.

iShares U.S. Financials ETF Trading Down 0.0%

The business’s fifty day simple moving average is $124.25 and its 200-day simple moving average is $122.93. The firm has a market cap of $4.25 billion, a P/E ratio of 16.42 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Financial Life Planners bought a new position in iShares U.S. Financials ETF during the 3rd quarter valued at approximately $27,000. BNP Paribas Financial Markets bought a new stake in shares of iShares U.S. Financials ETF in the 3rd quarter worth approximately $34,000. Davis Capital Management purchased a new position in shares of iShares U.S. Financials ETF during the third quarter valued at approximately $35,000. Rise Advisors LLC raised its holdings in shares of iShares U.S. Financials ETF by 60.4% during the second quarter. Rise Advisors LLC now owns 364 shares of the company’s stock valued at $44,000 after acquiring an additional 137 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of iShares U.S. Financials ETF by 39.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 465 shares of the company’s stock valued at $56,000 after acquiring an additional 131 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.