iShares U.S. Financials ETF (NYSEARCA:IYF) Position Boosted by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC lifted its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 93.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 181,005 shares of the company’s stock after acquiring an additional 87,248 shares during the quarter. iShares U.S. Financials ETF makes up 4.2% of MinichMacGregor Wealth Management LLC’s portfolio, making the stock its 3rd biggest position. MinichMacGregor Wealth Management LLC owned 0.65% of iShares U.S. Financials ETF worth $20,016,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its position in shares of iShares U.S. Financials ETF by 34.2% in the 3rd quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock worth $43,000 after buying an additional 106 shares during the period. Larson Financial Group LLC grew its holdings in iShares U.S. Financials ETF by 5.5% in the third quarter. Larson Financial Group LLC now owns 2,768 shares of the company’s stock worth $288,000 after purchasing an additional 145 shares during the period. Whitener Capital Management Inc. increased its stake in shares of iShares U.S. Financials ETF by 4.3% during the fourth quarter. Whitener Capital Management Inc. now owns 3,959 shares of the company’s stock valued at $438,000 after purchasing an additional 164 shares in the last quarter. Concourse Financial Group Securities Inc. lifted its holdings in shares of iShares U.S. Financials ETF by 26.5% during the third quarter. Concourse Financial Group Securities Inc. now owns 879 shares of the company’s stock valued at $91,000 after purchasing an additional 184 shares during the last quarter. Finally, HCR Wealth Advisors boosted its position in shares of iShares U.S. Financials ETF by 5.0% in the 3rd quarter. HCR Wealth Advisors now owns 4,124 shares of the company’s stock worth $429,000 after purchasing an additional 195 shares in the last quarter.

iShares U.S. Financials ETF Stock Down 0.6 %

iShares U.S. Financials ETF stock opened at $116.24 on Thursday. The stock’s 50 day moving average is $113.94 and its 200 day moving average is $107.00. The company has a market capitalization of $3.23 billion, a P/E ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a twelve month low of $85.37 and a twelve month high of $119.90.

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.