iShares U.S. Financials ETF (NYSEARCA:IYF) Reaches New 12-Month High – What’s Next?

Shares of iShares U.S. Financials ETF (NYSEARCA:IYF) reached a new 52-week high during trading 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 Stock Up 0.8 %

The company has a market capitalization of $3.15 billion, a PE ratio of 16.14 and a beta of 0.84. The company’s 50 day moving average is $105.54 and its two-hundred day moving average is $99.61.

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

Several large investors have recently made changes to their positions in IYF. Janney Montgomery Scott LLC raised its stake in iShares U.S. Financials ETF by 3.5% during the first quarter. Janney Montgomery Scott LLC now owns 35,557 shares of the company’s stock valued at $3,401,000 after purchasing an additional 1,192 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of iShares U.S. Financials ETF by 1.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 54,788 shares of the company’s stock valued at $5,240,000 after buying an additional 718 shares in the last quarter. Avantax Advisory Services Inc. grew its position in iShares U.S. Financials ETF by 22.2% in the first quarter. Avantax Advisory Services Inc. now owns 4,595 shares of the company’s stock worth $439,000 after acquiring an additional 835 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in iShares U.S. Financials ETF by 229.2% during the first quarter. Koshinski Asset Management Inc. now owns 14,776 shares of the company’s stock worth $1,413,000 after acquiring an additional 10,288 shares during the last quarter. Finally, Pinkerton Retirement Specialists LLC raised its position in iShares U.S. Financials ETF by 26.9% during the first quarter. Pinkerton Retirement Specialists LLC now owns 73,014 shares of the company’s stock valued at $6,984,000 after purchasing an additional 15,488 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.