iShares U.S. Financials ETF (NYSEARCA:IYF) Sets New 1-Year High – What’s Next?

iShares U.S. Financials ETF (NYSEARCA:IYF) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $138.54 and last traded at $138.28, with a volume of 5967 shares changing hands. The stock had previously closed at $137.37.

iShares U.S. Financials ETF Stock Performance

The company has a market capitalization of $4.66 billion, a PE ratio of 16.42 and a beta of 0.89. The company has a 50 day moving average price of $132.20 and a 200 day moving average price of $125.93.

Institutional Trading of iShares U.S. Financials ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Key Capital Management INC acquired a new position in iShares U.S. Financials ETF during the 4th quarter worth $28,000. Financial Life Planners bought a new stake in shares of iShares U.S. Financials ETF in the 1st quarter worth about $25,000. Hazlett Burt & Watson Inc. increased its position in shares of iShares U.S. Financials ETF by 666.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 230 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of iShares U.S. Financials ETF in the 4th quarter valued at about $32,000. Finally, MCF Advisors LLC acquired a new stake in shares of iShares U.S. Financials ETF in the 4th quarter valued at about $34,000.

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.