iShares U.S. Financials ETF (NYSEARCA:IYF) Hits New 1-Year High – Time to Buy?

iShares U.S. Financials ETF (NYSEARCA:IYF)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $113.73 and last traded at $113.27, with a volume of 108101 shares traded. The stock had previously closed at $107.18.

iShares U.S. Financials ETF Trading Up 0.8 %

The firm has a 50 day moving average price of $105.54 and a 200 day moving average price of $99.61. The stock has a market capitalization of $3.15 billion, a PE ratio of 16.14 and a beta of 0.84.

Institutional Investors Weigh In On iShares U.S. Financials ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC boosted its position in shares of iShares U.S. Financials ETF by 34.2% in the third quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock worth $43,000 after purchasing an additional 106 shares during the period. Somerset Group LLC increased its stake in iShares U.S. Financials ETF by 0.5% in the 2nd quarter. Somerset Group LLC now owns 22,995 shares of the company’s stock worth $2,175,000 after buying an additional 114 shares in the last quarter. Larson Financial Group LLC raised its holdings in iShares U.S. Financials ETF by 5.0% during the second quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $248,000 after acquiring an additional 124 shares during the period. Concourse Financial Group Securities Inc. lifted its position in shares of iShares U.S. Financials ETF by 26.5% in the third quarter. Concourse Financial Group Securities Inc. now owns 879 shares of the company’s stock valued at $91,000 after acquiring an additional 184 shares in the last quarter. Finally, HCR Wealth Advisors boosted its stake in shares of iShares U.S. Financials ETF by 5.0% in the third quarter. HCR Wealth Advisors now owns 4,124 shares of the company’s stock worth $429,000 after acquiring an additional 195 shares during the period.

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.