Vivaldi Capital Management LP Invests $224,000 in iShares U.S. Financials ETF (NYSEARCA:IYF)

Vivaldi Capital Management LP purchased a new position in iShares U.S. Financials ETF (NYSEARCA:IYF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,902 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schroder Investment Management Group increased its position in shares of iShares U.S. Financials ETF by 326.7% during the fourth quarter. Schroder Investment Management Group now owns 1,118,327 shares of the company’s stock valued at $123,653,000 after acquiring an additional 856,252 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of iShares U.S. Financials ETF by 56.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,023,916 shares of the company’s stock valued at $113,225,000 after acquiring an additional 367,508 shares during the last quarter. Bank of Montreal Can increased its position in shares of iShares U.S. Financials ETF by 51.3% during the fourth quarter. Bank of Montreal Can now owns 652,991 shares of the company’s stock valued at $72,208,000 after acquiring an additional 221,383 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of iShares U.S. Financials ETF by 56.7% during the fourth quarter. Wells Fargo & Company MN now owns 495,995 shares of the company’s stock valued at $54,847,000 after acquiring an additional 179,535 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of iShares U.S. Financials ETF during the fourth quarter valued at about $19,475,000.

iShares U.S. Financials ETF Price Performance

Shares of IYF opened at $117.87 on Tuesday. iShares U.S. Financials ETF has a 1-year low of $92.00 and a 1-year high of $119.90. The stock has a market cap of $3.54 billion, a PE ratio of 14.93 and a beta of 1.02. The firm has a 50-day simple moving average of $109.98 and a two-hundred day simple moving average of $113.03.

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.