Norden Group LLC Raises Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

Norden Group LLC raised its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 14.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,689 shares of the company’s stock after buying an additional 9,837 shares during the quarter. iShares U.S. Financials ETF comprises about 1.5% of Norden Group LLC’s holdings, making the stock its 9th largest position. Norden Group LLC owned about 0.29% of iShares U.S. Financials ETF worth $7,536,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. UBS Group AG raised its stake in shares of iShares U.S. Financials ETF by 9.7% in the fourth quarter. UBS Group AG now owns 369,733 shares of the company’s stock valued at $31,579,000 after buying an additional 32,596 shares during the period. Osaic Holdings Inc. grew its position in shares of iShares U.S. Financials ETF by 133.1% in the first quarter. Osaic Holdings Inc. now owns 186,794 shares of the company’s stock valued at $17,879,000 after purchasing an additional 106,650 shares in the last quarter. Magnus Financial Group LLC grew its position in shares of iShares U.S. Financials ETF by 1.1% in the second quarter. Magnus Financial Group LLC now owns 183,820 shares of the company’s stock valued at $17,384,000 after purchasing an additional 1,984 shares in the last quarter. Patten & Patten Inc. TN grew its position in shares of iShares U.S. Financials ETF by 2.5% in the first quarter. Patten & Patten Inc. TN now owns 127,930 shares of the company’s stock valued at $12,237,000 after purchasing an additional 3,128 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of iShares U.S. Financials ETF by 1,043.8% in the first quarter. Cetera Investment Advisers now owns 124,382 shares of the company’s stock valued at $11,897,000 after purchasing an additional 113,508 shares in the last quarter.

iShares U.S. Financials ETF Trading Down 1.8 %

Shares of NYSEARCA IYF traded down $1.85 during mid-day trading on Friday, hitting $101.02. The company had a trading volume of 102,796 shares, compared to its average volume of 179,978. The stock’s 50-day moving average price is $99.47 and its 200-day moving average price is $95.40. iShares U.S. Financials ETF has a 1 year low of $70.45 and a 1 year high of $105.20. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

iShares U.S. Financials ETF 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.