Wells Fargo & Company MN Has $54.85 Million Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

Wells Fargo & Company MN increased its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 56.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 495,995 shares of the company’s stock after purchasing an additional 179,535 shares during the quarter. Wells Fargo & Company MN owned 1.79% of iShares U.S. Financials ETF worth $54,847,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IYF. Stifel Financial Corp increased its position in iShares U.S. Financials ETF by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 93,520 shares of the company’s stock valued at $9,717,000 after purchasing an additional 2,040 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in iShares U.S. Financials ETF during the 3rd quarter worth $204,000. National Bank of Canada FI boosted its holdings in shares of iShares U.S. Financials ETF by 10.9% in the 3rd quarter. National Bank of Canada FI now owns 7,353 shares of the company’s stock worth $764,000 after buying an additional 724 shares during the last quarter. MML Investors Services LLC raised its stake in iShares U.S. Financials ETF by 6.1% in the 3rd quarter. MML Investors Services LLC now owns 15,901 shares of the company’s stock valued at $1,652,000 after acquiring an additional 912 shares during the period. Finally, Anchor Investment Management LLC raised its stake in iShares U.S. Financials ETF by 320.0% in the 3rd quarter. Anchor Investment Management LLC now owns 693 shares of the company’s stock valued at $72,000 after acquiring an additional 528 shares during the period.

iShares U.S. Financials ETF Stock Up 7.5 %

Shares of IYF opened at $106.71 on Thursday. The business’s 50-day moving average price is $113.00 and its 200-day moving average price is $112.15. iShares U.S. Financials ETF has a twelve month low of $89.10 and a twelve month high of $119.90. The stock has a market cap of $3.51 billion, a PE ratio of 15.34 and a beta of 0.99.

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.