Mutual Advisors LLC Acquires 12,019 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Mutual Advisors LLC lifted its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 125.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,563 shares of the company’s stock after purchasing an additional 12,019 shares during the period. Mutual Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in iShares U.S. Financials ETF by 28.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 769,351 shares of the company’s stock worth $79,936,000 after purchasing an additional 170,769 shares during the period. Bank of Montreal Can boosted its position in shares of iShares U.S. Financials ETF by 705.1% in the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock valued at $44,658,000 after acquiring an additional 377,999 shares during the period. Magnus Financial Group LLC boosted its holdings in iShares U.S. Financials ETF by 2.4% in the 4th quarter. Magnus Financial Group LLC now owns 193,219 shares of the company’s stock valued at $21,366,000 after purchasing an additional 4,573 shares during the period. Cetera Investment Advisers grew its position in shares of iShares U.S. Financials ETF by 1.2% during the 2nd quarter. Cetera Investment Advisers now owns 125,852 shares of the company’s stock valued at $11,902,000 after purchasing an additional 1,470 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its position in shares of iShares U.S. Financials ETF by 1,161.0% in the third quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock worth $12,908,000 after buying an additional 114,383 shares in the last quarter.

iShares U.S. Financials ETF Stock Up 0.4 %

NYSEARCA:IYF opened at $116.76 on Friday. iShares U.S. Financials ETF has a twelve month low of $85.37 and a twelve month high of $119.90. The stock has a market cap of $3.24 billion, a P/E ratio of 16.14 and a beta of 0.84. The business’s 50-day moving average price is $113.94 and its two-hundred day moving average price is $107.00.

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.