2,309 Shares in iShares U.S. Financials ETF (NYSEARCA:IYF) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in iShares U.S. Financials ETF (NYSEARCA:IYF) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,309 shares of the company’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of IYF. Bank of Montreal Can grew its stake in 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 worth $44,658,000 after purchasing an additional 377,999 shares in the last quarter. Raymond James Financial Inc. bought a new position in iShares U.S. Financials ETF in the fourth quarter worth approximately $19,475,000. The Manufacturers Life Insurance Company grew its stake in iShares U.S. Financials ETF by 28.5% in the third 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 in the last quarter. MinichMacGregor Wealth Management LLC grew its stake in iShares U.S. Financials ETF by 93.1% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 181,005 shares of the company’s stock worth $20,016,000 after purchasing an additional 87,248 shares in the last quarter. Finally, Finley Financial LLC bought a new position in iShares U.S. Financials ETF in the fourth quarter worth approximately $8,456,000.

iShares U.S. Financials ETF Stock Up 1.0 %

iShares U.S. Financials ETF stock opened at $112.43 on Thursday. The business has a fifty day moving average of $115.11 and a two-hundred day moving average of $111.48. The firm has a market cap of $3.64 billion, a P/E ratio of 15.00 and a beta of 1.08. iShares U.S. Financials ETF has a twelve month low of $89.10 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.