JPMorgan Chase & Co. Has $46.96 Million Stake in iShares U.S. Financials ETF $IYF

JPMorgan Chase & Co. grew its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 8.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 370,798 shares of the company’s stock after purchasing an additional 27,583 shares during the period. JPMorgan Chase & Co.’s holdings in iShares U.S. Financials ETF were worth $46,958,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of IYF. Pinkerton Wealth LLC bought a new stake in iShares U.S. Financials ETF during the second quarter worth $34,244,000. Dynasty Wealth Management LLC purchased a new position in iShares U.S. Financials ETF during the 3rd quarter worth $34,595,000. Camarda Financial Advisors LLC purchased a new position in iShares U.S. Financials ETF during the 2nd quarter worth $13,689,000. Horizon Wealth Management LLC bought a new stake in shares of iShares U.S. Financials ETF in the 2nd quarter worth $13,417,000. Finally, Schroder Investment Management Group raised its holdings in shares of iShares U.S. Financials ETF by 154.5% in the second quarter. Schroder Investment Management Group now owns 143,300 shares of the company’s stock valued at $17,195,000 after purchasing an additional 87,002 shares during the last quarter.

iShares U.S. Financials ETF Trading Up 1.2%

Shares of IYF opened at $125.66 on Friday. The stock has a 50 day moving average of $128.10 and a 200 day moving average of $125.86. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02. iShares U.S. Financials ETF has a 12 month low of $95.34 and a 12 month high of $133.54.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.