Bank of New York Mellon Corp Increases Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

Bank of New York Mellon Corp increased its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 193.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,498 shares of the company’s stock after buying an additional 4,941 shares during the period. Bank of New York Mellon Corp’s holdings in iShares U.S. Financials ETF were worth $709,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Clear Creek Financial Management LLC increased its position in shares of iShares U.S. Financials ETF by 11.3% in the 2nd quarter. Clear Creek Financial Management LLC now owns 13,395 shares of the company’s stock valued at $1,267,000 after purchasing an additional 1,358 shares during the last quarter. Yeomans Consulting Group Inc. purchased a new stake in shares of iShares U.S. Financials ETF in the 2nd quarter valued at approximately $207,000. RPS Advisory Solutions LLC acquired a new position in shares of iShares U.S. Financials ETF in the 2nd quarter valued at $3,501,000. Transcendent Capital Group LLC acquired a new position in shares of iShares U.S. Financials ETF in the 2nd quarter valued at $3,303,000. Finally, XML Financial LLC boosted its holdings in shares of iShares U.S. Financials ETF by 3.3% in the 2nd quarter. XML Financial LLC now owns 107,291 shares of the company’s stock valued at $10,146,000 after buying an additional 3,379 shares in the last quarter.

iShares U.S. Financials ETF Trading Down 0.2 %

Shares of iShares U.S. Financials ETF stock opened at $104.26 on Monday. The company has a fifty day simple moving average of $100.77 and a 200-day simple moving average of $96.30. iShares U.S. Financials ETF has a 12-month low of $70.45 and a 12-month high of $105.20. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

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.