iShares U.S. Financials ETF (NYSEARCA:IYF) Reaches New 52-Week High – What’s Next?

Shares of iShares U.S. Financials ETF (NYSEARCA:IYF) hit a new 52-week high during trading on Monday . The stock traded as high as $136.00 and last traded at $135.82, with a volume of 2777 shares traded. The stock had previously closed at $134.06.

iShares U.S. Financials ETF Stock Up 0.9%

The company has a market cap of $4.54 billion, a PE ratio of 16.42 and a beta of 0.90. The stock’s 50 day simple moving average is $128.16 and its two-hundred day simple moving average is $125.18.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IYF. Northwestern Mutual Wealth Management Co. boosted its holdings 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 acquiring an additional 3,248,510 shares during the last quarter. Dynasty Wealth Management LLC increased its stake in iShares U.S. Financials ETF by 545.2% during the fourth quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock worth $227,246,000 after acquiring an additional 1,489,376 shares during the last quarter. Bank of America Corp DE increased its stake in iShares U.S. Financials ETF by 5.7% during the third quarter. Bank of America Corp DE now owns 1,586,519 shares of the company’s stock worth $200,917,000 after acquiring an additional 86,197 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares U.S. Financials ETF by 184.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,053,341 shares of the company’s stock worth $135,807,000 after purchasing an additional 682,543 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in shares of iShares U.S. Financials ETF in the 4th quarter worth about $103,827,000.

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.