iShares U.S. Financials ETF (NYSEARCA:IYF) Reaches New 12-Month High – Still a Buy?

iShares U.S. Financials ETF (NYSEARCA:IYF) hit a new 52-week high during trading on Wednesday . The stock traded as high as $116.06 and last traded at $115.81, with a volume of 57451 shares trading hands. The stock had previously closed at $115.08.

iShares U.S. Financials ETF Price Performance

The firm has a 50-day moving average of $105.98 and a 200 day moving average of $100.02. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

Institutional Trading of iShares U.S. Financials ETF

Hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC acquired a new stake in shares of iShares U.S. Financials ETF in the second quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC increased its stake in shares of iShares U.S. Financials ETF by 436.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 268 shares of the company’s stock worth $25,000 after purchasing an additional 218 shares during the period. Capital Performance Advisors LLP bought a new position in shares of iShares U.S. Financials ETF during the third quarter worth approximately $41,000. Bogart Wealth LLC increased its stake in shares of iShares U.S. Financials ETF by 34.2% during 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. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of iShares U.S. Financials ETF during the second quarter worth approximately $57,000.

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.