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

Shares of iShares U.S. Financials ETF (NYSEARCA:IYF) reached a new 52-week high during trading on Thursday . The stock traded as high as $138.87 and last traded at $138.86, with a volume of 104289 shares changing hands. The stock had previously closed at $136.27.

iShares U.S. Financials ETF Stock Up 1.8%

The firm has a 50 day moving average price of $134.59 and a 200 day moving average price of $126.77. The stock has a market capitalization of $4.67 billion, a PE ratio of 16.42 and a beta of 0.89.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new stake in iShares U.S. Financials ETF during the first quarter valued at about $426,000. Integrated Wealth Concepts LLC grew its holdings in shares of iShares U.S. Financials ETF by 45.7% in the first quarter. Integrated Wealth Concepts LLC now owns 4,282 shares of the company’s stock valued at $483,000 after purchasing an additional 1,343 shares in the last quarter. Jane Street Group LLC purchased a new stake in iShares U.S. Financials ETF during the first quarter valued at approximately $247,000. Focus Partners Wealth boosted its stake in iShares U.S. Financials ETF by 8.6% during the first quarter. Focus Partners Wealth now owns 2,093 shares of the company’s stock worth $236,000 after buying an additional 165 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of iShares U.S. Financials ETF by 33.7% during the second quarter. First Trust Advisors LP now owns 2,557 shares of the company’s stock worth $309,000 after purchasing an additional 645 shares during 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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.