5 Best Financial and Fintech ETFs To Buy

4. iShares U.S. Financials ETF (NYSE:IYF)

5-Year Share Price Performance as of March 22: 58.76%

iShares U.S. Financials ETF (NYSE:IYF) aims to replicate the performance of the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index, comprising US equities within the financial sector. It provides exposure to different entities such as US banks, insurers, and credit card companies. As of March 22, 2024, the fund had $2.56 billion in net assets, along with an expense ratio of 0.40% and a portfolio of 138 stocks. iShares U.S. Financials ETF (NYSE:IYF) is one of the best financial ETFs to buy. 

Bank of America Corporation (NYSE:BAC) is one of the top holdings of iShares U.S. Financials ETF (NYSE:IYF). On January 31, Bank of America Corporation (NYSE:BAC) declared a quarterly dividend of $0.24 per share, in line with previous. The dividend is payable on March 29, to shareholders on record as of March 1. 

According to Insider Monkey’s fourth quarter database, 96 hedge funds were bullish on Bank of America Corporation (NYSE:BAC), up from 88 funds in the prior quarter. 

Sequoia Fund stated the following regarding Bank of America Corporation (NYSE:BAC) in its fourth quarter 2023 investor letter:

“Exits last year included Netflix, Bank of America Corporation (NYSE:BAC) and Micron. As discussed in our Q1 shareholder letter, we exited our investment in Bank of America soon after making it, as our thesis was quickly undermined by the regional banking crisis and the regulatory developments that it catalyzed. We think both Bank of America and Micron were purchased at conservative prices given the facts at hand, but the facts changed and we moved on.”