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

iShares U.S. Financials ETF (NYSEARCA:IYF) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $119.60 and last traded at $119.60, with a volume of 29181 shares changing hands. The stock had previously closed at $118.78.

iShares U.S. Financials ETF Stock Up 0.5 %

The company’s 50-day moving average price is $108.82 and its 200-day moving average price is $101.65. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

Institutional Trading of iShares U.S. Financials ETF

Several institutional investors have recently modified their holdings of IYF. World Investment Advisors LLC boosted its position in iShares U.S. Financials ETF by 12.2% during the third quarter. World Investment Advisors LLC now owns 3,350 shares of the company’s stock worth $348,000 after acquiring an additional 364 shares during the last quarter. Sanctuary Advisors LLC boosted its position in iShares U.S. Financials ETF by 85.9% during the third quarter. Sanctuary Advisors LLC now owns 51,301 shares of the company’s stock worth $5,330,000 after acquiring an additional 23,698 shares during the last quarter. Anchor Investment Management LLC boosted its position in iShares U.S. Financials ETF by 320.0% during the third quarter. Anchor Investment Management LLC now owns 693 shares of the company’s stock worth $72,000 after acquiring an additional 528 shares during the last quarter. LRI Investments LLC boosted its position in iShares U.S. Financials ETF by 283.7% during the third quarter. LRI Investments LLC now owns 4,343 shares of the company’s stock worth $499,000 after acquiring an additional 3,211 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in iShares U.S. Financials ETF by 6.1% during the third quarter. MML Investors Services LLC now owns 15,901 shares of the company’s stock worth $1,652,000 after acquiring an additional 912 shares during the last quarter.

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.