SPC Financial Inc. Purchases New Holdings in iShares U.S. Financials ETF $IYF

SPC Financial Inc. acquired a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 152,659 shares of the company’s stock, valued at approximately $18,470,000. iShares U.S. Financials ETF comprises about 1.5% of SPC Financial Inc.’s portfolio, making the stock its 23rd biggest position. SPC Financial Inc. owned about 0.45% of iShares U.S. Financials ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cyndeo Wealth Partners LLC bought a new position in iShares U.S. Financials ETF in the second quarter valued at approximately $797,000. Blair William & Co. IL boosted its stake in iShares U.S. Financials ETF by 14.1% in the second quarter. Blair William & Co. IL now owns 13,012 shares of the company’s stock valued at $1,574,000 after acquiring an additional 1,610 shares during the last quarter. Game Plan Financial Advisors LLC bought a new position in iShares U.S. Financials ETF in the second quarter valued at approximately $717,000. Eagle Strategies LLC boosted its stake in iShares U.S. Financials ETF by 65.2% in the second quarter. Eagle Strategies LLC now owns 39,758 shares of the company’s stock valued at $4,810,000 after acquiring an additional 15,691 shares during the last quarter. Finally, Clear Creek Financial Management LLC bought a new position in iShares U.S. Financials ETF in the second quarter valued at approximately $211,000.

iShares U.S. Financials ETF Stock Performance

Shares of IYF stock opened at $121.83 on Friday. iShares U.S. Financials ETF has a 52-week low of $95.34 and a 52-week high of $128.07. The stock has a market cap of $4.06 billion, a PE ratio of 16.42 and a beta of 1.03. The firm’s 50 day moving average price is $124.60 and its two-hundred day moving average price is $118.26.

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.