iShares U.S. Financials ETF (NYSEARCA:IYF) Hits New 52-Week High – Time to Buy?

iShares U.S. Financials ETF (NYSEARCA:IYF) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $138.54 and last traded at $138.28, with a volume of 5967 shares changing hands. The stock had previously closed at $137.37.

iShares U.S. Financials ETF Price Performance

The firm’s fifty day simple moving average is $131.66 and its 200 day simple moving average is $125.76. The company has a market capitalization of $4.67 billion, a PE ratio of 16.42 and a beta of 0.89.

Institutional Trading of iShares U.S. Financials ETF

A number of hedge funds have recently modified their holdings of IYF. Rockefeller Capital Management L.P. raised its holdings in iShares U.S. Financials ETF by 0.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 26,926 shares of the company’s stock worth $3,472,000 after purchasing an additional 86 shares in the last quarter. SeaCrest Wealth Management LLC boosted its holdings in shares of iShares U.S. Financials ETF by 3.9% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 2,399 shares of the company’s stock valued at $300,000 after buying an additional 90 shares in the last quarter. Vivaldi Capital Management LP boosted its holdings in shares of iShares U.S. Financials ETF by 3.6% in the 2nd quarter. Vivaldi Capital Management LP now owns 2,769 shares of the company’s stock valued at $335,000 after buying an additional 97 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of iShares U.S. Financials ETF by 19.4% in the 4th quarter. Root Financial Partners LLC now owns 597 shares of the company’s stock valued at $77,000 after buying an additional 97 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of iShares U.S. Financials ETF by 0.8% in the 4th quarter. Captrust Financial Advisors now owns 13,665 shares of the company’s stock valued at $1,762,000 after buying an additional 103 shares during the last quarter.

About iShares U.S. Financials ETF

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.