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 reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $136.00 and last traded at $135.82, with a volume of 2777 shares. The stock had previously closed at $134.06.

iShares U.S. Financials ETF Price Performance

The business’s 50-day moving average price is $128.16 and its two-hundred day moving average price is $125.18. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 16.42 and a beta of 0.90.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IYF. Northwestern Mutual Wealth Management Co. increased its stake in iShares U.S. Financials ETF by 488.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock valued at $504,583,000 after purchasing an additional 3,248,510 shares during the last quarter. Dynasty Wealth Management LLC grew its holdings in iShares U.S. Financials ETF by 545.2% in the 4th quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock valued at $227,246,000 after buying an additional 1,489,376 shares during the period. Hsbc Holdings PLC purchased a new stake in iShares U.S. Financials ETF in the 4th quarter valued at about $103,827,000. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Financials ETF by 184.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,053,341 shares of the company’s stock valued at $135,807,000 after acquiring an additional 682,543 shares during the last quarter. Finally, OpenArc Corporate Advisory LLC purchased a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth about $46,860,000.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.