Balboa Wealth Partners bought a new position in iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) during the second quarter, Holdings Channel reports. The firm bought 21,678 shares of the company’s stock, valued at approximately $2,623,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its holdings in shares of iShares U.S. Financials ETF by 18.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,746 shares of the company’s stock worth $310,000 after acquiring an additional 437 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in iShares U.S. Financials ETF by 2.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 54,837 shares of the company’s stock valued at $6,188,000 after buying an additional 1,569 shares during the last quarter. Blair William & Co. IL increased its stake in iShares U.S. Financials ETF by 7.1% in the 1st quarter. Blair William & Co. IL now owns 11,402 shares of the company’s stock valued at $1,287,000 after buying an additional 752 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in iShares U.S. Financials ETF by 21.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 111,800 shares of the company’s stock valued at $12,617,000 after buying an additional 19,987 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in iShares U.S. Financials ETF in the 1st quarter valued at about $281,000.
iShares U.S. Financials ETF Stock Performance
NYSEARCA:IYF opened at $121.30 on Monday. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 16.42 and a beta of 1.03. iShares U.S. Financials ETF has a 52 week low of $95.34 and a 52 week high of $128.07. The firm has a 50-day moving average price of $124.78 and a two-hundred day moving average price of $118.68.
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.
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