Foundations Investment Advisors LLC bought a new position in iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 6,671 shares of the company’s stock, valued at approximately $807,000.
Other institutional investors have also modified their holdings of the company. Rise Advisors LLC grew its stake in iShares U.S. Financials ETF by 60.4% in the second quarter. Rise Advisors LLC now owns 364 shares of the company’s stock worth $44,000 after purchasing an additional 137 shares in the last quarter. Assetmark Inc. bought a new position in iShares U.S. Financials ETF during the 2nd quarter worth approximately $63,000. Private Trust Co. NA grew its position in shares of iShares U.S. Financials ETF by 106.7% in the 2nd quarter. Private Trust Co. NA now owns 705 shares of the company’s stock worth $85,000 after acquiring an additional 364 shares in the last quarter. Picton Mahoney Asset Management increased its holdings in shares of iShares U.S. Financials ETF by 11.1% in the 1st quarter. Picton Mahoney Asset Management now owns 1,000 shares of the company’s stock valued at $113,000 after acquiring an additional 100 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of iShares U.S. Financials ETF during the 2nd quarter valued at approximately $132,000.
iShares U.S. Financials ETF Price Performance
Shares of IYF opened at $121.43 on Wednesday. iShares U.S. Financials ETF has a 12-month low of $95.34 and a 12-month high of $128.07. The business’s fifty day moving average price is $124.30 and its 200 day moving average price is $121.40. The stock has a market capitalization of $4.03 billion, a PE ratio of 16.42 and a beta of 1.02.
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.
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