Retirement Planning Group LLC Increases Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Retirement Planning Group LLC raised its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 8.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,203 shares of the company’s stock after buying an additional 242 shares during the quarter. Retirement Planning Group LLC’s holdings in iShares U.S. Financials ETF were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in iShares U.S. Financials ETF by 1.9% during the 4th quarter. Bank of America Corp DE now owns 1,698,803 shares of the company’s stock valued at $187,854,000 after buying an additional 32,121 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of iShares U.S. Financials ETF by 326.7% in the 4th quarter. Schroder Investment Management Group now owns 1,118,327 shares of the company’s stock worth $123,653,000 after purchasing an additional 856,252 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of iShares U.S. Financials ETF by 56.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,023,916 shares of the company’s stock worth $113,225,000 after purchasing an additional 367,508 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares U.S. Financials ETF by 33.8% in the 4th quarter. LPL Financial LLC now owns 678,478 shares of the company’s stock worth $75,026,000 after purchasing an additional 171,559 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of iShares U.S. Financials ETF by 51.3% in the 4th quarter. Bank of Montreal Can now owns 652,991 shares of the company’s stock worth $72,208,000 after purchasing an additional 221,383 shares in the last quarter.

iShares U.S. Financials ETF Price Performance

NYSEARCA:IYF opened at $114.40 on Friday. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 14.93 and a beta of 1.02. iShares U.S. Financials ETF has a one year low of $92.00 and a one year high of $119.90. The business has a fifty day moving average price of $110.37 and a 200-day moving average price of $113.18.

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.