Hsbc Holdings PLC Purchases New Position in iShares U.S. Financials ETF $IYF

Hsbc Holdings PLC acquired a new position in iShares U.S. Financials ETF (NYSEARCA:IYF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 805,296 shares of the company’s stock, valued at approximately $103,827,000.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in shares of iShares U.S. Financials ETF in the 1st quarter worth $426,000. Integrated Wealth Concepts LLC increased its stake in shares of iShares U.S. Financials ETF by 45.7% during the first quarter. Integrated Wealth Concepts LLC now owns 4,282 shares of the company’s stock valued at $483,000 after buying an additional 1,343 shares during the period. Jane Street Group LLC bought a new stake in shares of iShares U.S. Financials ETF in the first quarter valued at about $247,000. Focus Partners Wealth raised its holdings in shares of iShares U.S. Financials ETF by 8.6% in the first quarter. Focus Partners Wealth now owns 2,093 shares of the company’s stock valued at $236,000 after acquiring an additional 165 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in iShares U.S. Financials ETF by 33.7% in the second quarter. First Trust Advisors LP now owns 2,557 shares of the company’s stock worth $309,000 after acquiring an additional 645 shares during the period.

iShares U.S. Financials ETF Price Performance

Shares of iShares U.S. Financials ETF stock opened at $127.61 on Monday. iShares U.S. Financials ETF has a 1 year low of $113.62 and a 1 year high of $133.54. The firm’s 50-day moving average is $124.15 and its two-hundred day moving average is $124.70. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 16.42 and a beta of 0.91.

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.