iShares U.S. Financials ETF $IYF Stock Acquired by Magnus Financial Group LLC

Magnus Financial Group LLC increased its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 2.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 217,557 shares of the company’s stock after acquiring an additional 5,588 shares during the period. iShares U.S. Financials ETF makes up about 1.8% of Magnus Financial Group LLC’s investment portfolio, making the stock its 11th largest position. Magnus Financial Group LLC’s holdings in iShares U.S. Financials ETF were worth $27,338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sowell Financial Services LLC purchased a new stake in iShares U.S. Financials ETF during the 3rd quarter valued at approximately $338,000. Cottonwood Capital Advisors LLC grew its stake in shares of iShares U.S. Financials ETF by 31.5% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 12,967 shares of the company’s stock valued at $1,629,000 after purchasing an additional 3,103 shares during the last quarter. Carnegie Investment Counsel purchased a new position in shares of iShares U.S. Financials ETF in the 3rd quarter valued at approximately $393,000. Ironwood Financial llc acquired a new position in shares of iShares U.S. Financials ETF in the third quarter valued at approximately $428,000. Finally, Prime Capital Investment Advisors LLC increased its holdings in shares of iShares U.S. Financials ETF by 1.5% in the third quarter. Prime Capital Investment Advisors LLC now owns 6,109 shares of the company’s stock valued at $768,000 after purchasing an additional 89 shares during the period.

iShares U.S. Financials ETF Price Performance

iShares U.S. Financials ETF stock opened at $130.28 on Thursday. iShares U.S. Financials ETF has a 12 month low of $113.62 and a 12 month high of $139.09. The business has a 50 day simple moving average of $132.38 and a 200-day simple moving average of $129.35. The stock has a market capitalization of $3.82 billion, a PE ratio of 16.42 and a beta of 0.91.

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