B. Riley Wealth Advisors Inc. Buys New Shares in iShares U.S. Financials ETF $IYF

B. Riley Wealth Advisors Inc. bought a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,075 shares of the company’s stock, valued at approximately $512,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company purchased a new stake in iShares U.S. Financials ETF during the 2nd quarter valued at $129,579,000. Hsbc Holdings PLC purchased a new position in shares of iShares U.S. Financials ETF in the 4th quarter valued at $103,827,000. Advisortrust Partners LLC bought a new position in shares of iShares U.S. Financials ETF in the 4th quarter worth $11,466,000. Avior Wealth Management LLC bought a new position in shares of iShares U.S. Financials ETF in the 3rd quarter worth $2,280,000. Finally, Sanctuary Advisors LLC boosted its holdings in shares of iShares U.S. Financials ETF by 14.0% in the 1st quarter. Sanctuary Advisors LLC now owns 110,053 shares of the company’s stock valued at $12,949,000 after buying an additional 13,557 shares in the last quarter.

iShares U.S. Financials ETF Stock Up 0.4%

Shares of iShares U.S. Financials ETF stock opened at $129.01 on Friday. The firm’s 50 day moving average price is $132.88 and its 200-day moving average price is $129.02. iShares U.S. Financials ETF has a 52-week low of $113.62 and a 52-week high of $139.09. The company has a market cap of $3.79 billion, a P/E ratio of 16.42 and a beta of 0.91.

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