Traders Buy iShares Dow Jones US Financial (IYF) on Weakness

Investors purchased shares of iShares Dow Jones US Financial (NYSEARCA:IYF) on weakness during trading hours on Tuesday. $16.16 million flowed into the stock on the tick-up and $2.59 million flowed out of the stock on the tick-down, for a money net flow of $13.57 million into the stock. Of all companies tracked, iShares Dow Jones US Financial had the 27th highest net in-flow for the day. iShares Dow Jones US Financial traded down ($0.57) for the day and closed at $117.01

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 2nd. Shareholders of record on Wednesday, June 27th were paid a $0.5371 dividend. The ex-dividend date of this dividend was Tuesday, June 26th. This represents a $2.15 annualized dividend and a yield of 1.84%.

Several large investors have recently bought and sold shares of IYF. Adviser Investments LLC purchased a new position in shares of iShares Dow Jones US Financial during the 1st quarter worth about $118,000. We Are One Seven LLC acquired a new stake in iShares Dow Jones US Financial during the 4th quarter worth about $127,000. Financial Advocates Investment Management acquired a new stake in iShares Dow Jones US Financial during the 4th quarter worth about $222,000. Wayne Hummer Investments L.L.C. acquired a new stake in iShares Dow Jones US Financial during the 4th quarter worth about $223,000. Finally, Belpointe Asset Management LLC acquired a new stake in iShares Dow Jones US Financial during the 4th quarter worth about $250,000.

About iShares Dow Jones US Financial

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.

Receive News & Ratings for iShares Dow Jones US Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Dow Jones US Financial and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply