968 Shares in iShares U.S. Financials ETF (NYSEARCA:IYF) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the second quarter, Holdings Channel.com reports. The firm purchased 968 shares of the company’s stock, valued at approximately $92,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Banco Santander S.A. purchased a new stake in iShares U.S. Financials ETF during the second quarter valued at about $220,000. Arkadios Wealth Advisors boosted its holdings in iShares U.S. Financials ETF by 58.2% during the 2nd quarter. Arkadios Wealth Advisors now owns 5,593 shares of the company’s stock valued at $529,000 after acquiring an additional 2,057 shares during the period. Zimmermann Investment Management & Planning LLC grew its position in iShares U.S. Financials ETF by 45.0% during the 2nd quarter. Zimmermann Investment Management & Planning LLC now owns 4,975 shares of the company’s stock worth $470,000 after acquiring an additional 1,543 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in iShares U.S. Financials ETF by 10.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 107,725 shares of the company’s stock worth $10,188,000 after acquiring an additional 10,214 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in iShares U.S. Financials ETF by 193.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,498 shares of the company’s stock worth $709,000 after purchasing an additional 4,941 shares during the period.

iShares U.S. Financials ETF Stock Performance

NYSEARCA:IYF opened at $103.92 on Wednesday. iShares U.S. Financials ETF has a fifty-two week low of $70.45 and a fifty-two week high of $105.20. The firm has a market cap of $2.88 billion, a PE ratio of 16.14 and a beta of 0.84. The business has a 50 day moving average price of $98.97 and a 200-day moving average price of $95.20.

About iShares U.S. Financials ETF

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.