iShares U.S. Financials ETF (NYSEARCA:IYF) Hits New 1-Year High at $103.98

iShares U.S. Financials ETF (NYSEARCA:IYF)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $103.98 and last traded at $103.98, with a volume of 29155 shares trading hands. The stock had previously closed at $103.31.

iShares U.S. Financials ETF Trading Up 1.1 %

The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. The firm’s fifty day simple moving average is $98.57 and its two-hundred day simple moving average is $94.89.

Hedge Funds Weigh In On iShares U.S. Financials ETF

Large investors have recently made changes to their positions in the stock. Private Advisor Group LLC lifted its holdings in shares of iShares U.S. Financials ETF by 24.0% in the 4th quarter. Private Advisor Group LLC now owns 39,150 shares of the company’s stock worth $3,344,000 after acquiring an additional 7,569 shares during the last quarter. Mitchell Sinkler & Starr PA acquired a new stake in iShares U.S. Financials ETF during the 4th quarter worth approximately $67,000. Apexium Financial LP acquired a new stake in iShares U.S. Financials ETF during the 4th quarter worth approximately $771,000. Connectus Wealth LLC acquired a new stake in iShares U.S. Financials ETF during the 4th quarter worth approximately $7,026,000. Finally, FineMark National Bank & Trust acquired a new stake in iShares U.S. Financials ETF during the 4th quarter worth approximately $224,000.

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.