Stillwater Capital Advisors LLC Boosts Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Stillwater Capital Advisors LLC raised its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,509 shares of the company’s stock after purchasing an additional 3,352 shares during the quarter. Stillwater Capital Advisors LLC owned 0.20% of iShares U.S. Financials ETF worth $6,028,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of IYF. The Manufacturers Life Insurance Company acquired a new position in iShares U.S. Financials ETF in the 2nd quarter valued at $56,608,000. Bank of Montreal Can increased its stake in shares of iShares U.S. Financials ETF by 705.1% during the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock worth $44,658,000 after acquiring an additional 377,999 shares during the period. Apollon Wealth Management LLC raised its holdings in iShares U.S. Financials ETF by 1,161.0% during the third quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock worth $12,908,000 after purchasing an additional 114,383 shares in the last quarter. International Assets Investment Management LLC lifted its position in iShares U.S. Financials ETF by 10,290.9% in the third quarter. International Assets Investment Management LLC now owns 100,584 shares of the company’s stock valued at $10,451,000 after purchasing an additional 99,616 shares during the period. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in iShares U.S. Financials ETF in the 3rd quarter valued at approximately $9,741,000.

iShares U.S. Financials ETF Trading Up 0.9 %

Shares of IYF stock opened at $115.80 on Friday. The stock has a 50 day simple moving average of $113.87 and a 200-day simple moving average of $106.56. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a 12-month low of $83.28 and a 12-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.