Kovack Advisors Inc. Purchases 897 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Kovack Advisors Inc. grew its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,828 shares of the company’s stock after buying an additional 897 shares during the period. Kovack Advisors Inc. owned approximately 0.07% of iShares U.S. Financials ETF worth $2,193,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in IYF. Kestra Investment Management LLC bought a new position in iShares U.S. Financials ETF during the 4th quarter worth $34,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares U.S. Financials ETF in the fourth quarter worth $37,000. Stonebridge Financial Group LLC bought a new position in shares of iShares U.S. Financials ETF in the fourth quarter worth $37,000. Capital Performance Advisors LLP bought a new position in shares of iShares U.S. Financials ETF in the third quarter worth $41,000. Finally, Arlington Trust Co LLC bought a new position in shares of iShares U.S. Financials ETF in the fourth quarter worth $41,000.

iShares U.S. Financials ETF Trading Up 0.0 %

Shares of IYF stock opened at $115.59 on Thursday. The business’s 50-day moving average price is $114.80 and its 200-day moving average price is $110.34. iShares U.S. Financials ETF has a 12 month low of $89.10 and a 12 month high of $119.90. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 15.26 and a beta of 1.08.

iShares U.S. Financials ETF 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.