The Manufacturers Life Insurance Company acquired a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 598,582 shares of the company’s stock, valued at approximately $56,608,000.
Other hedge funds also recently modified their holdings of the company. GPS Wealth Strategies Group LLC grew its holdings in iShares U.S. Financials ETF by 436.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 268 shares of the company’s stock worth $25,000 after purchasing an additional 218 shares during the period. Rothschild Investment LLC bought a new stake in iShares U.S. Financials ETF in the 2nd quarter valued at about $25,000. Global Trust Asset Management LLC raised its stake in iShares U.S. Financials ETF by 81.1% during the 1st quarter. Global Trust Asset Management LLC now owns 335 shares of the company’s stock worth $32,000 after buying an additional 150 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares U.S. Financials ETF during the 2nd quarter worth approximately $57,000. Finally, Angeles Wealth Management LLC bought a new position in iShares U.S. Financials ETF in the fourth quarter worth approximately $78,000.
iShares U.S. Financials ETF Stock Up 0.3 %
NYSEARCA IYF opened at $103.47 on Friday. iShares U.S. Financials ETF has a 52 week low of $70.45 and a 52 week high of $105.20. The business has a 50 day moving average price of $101.10 and a 200-day moving average price of $96.67. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.
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.
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Want to see what other hedge funds are holding IYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report).
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