IFP Advisors Inc Raises Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

IFP Advisors Inc lifted its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 569.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 736 shares of the company’s stock after buying an additional 626 shares during the period. IFP Advisors Inc’s holdings in iShares U.S. Financials ETF were worth $81,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Park Avenue Securities LLC raised its stake in shares of iShares U.S. Financials ETF by 36.4% during the 4th quarter. Park Avenue Securities LLC now owns 3,048 shares of the company’s stock worth $337,000 after buying an additional 813 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in iShares U.S. Financials ETF by 16.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 53,268 shares of the company’s stock valued at $5,890,000 after purchasing an additional 7,441 shares in the last quarter. Atria Investments Inc increased its stake in iShares U.S. Financials ETF by 3.7% in the 3rd quarter. Atria Investments Inc now owns 7,288 shares of the company’s stock valued at $757,000 after purchasing an additional 261 shares in the last quarter. Merit Financial Group LLC purchased a new position in iShares U.S. Financials ETF in the 4th quarter valued at approximately $523,000. Finally, D.A. Davidson & CO. increased its stake in iShares U.S. Financials ETF by 15.2% in the 4th quarter. D.A. Davidson & CO. now owns 4,554 shares of the company’s stock valued at $504,000 after purchasing an additional 601 shares in the last quarter.

iShares U.S. Financials ETF Price Performance

NYSEARCA IYF opened at $114.03 on Thursday. iShares U.S. Financials ETF has a 1-year low of $89.10 and a 1-year high of $119.90. The company has a market capitalization of $3.85 billion, a P/E ratio of 15.26 and a beta of 1.08. The business has a 50 day moving average price of $115.29 and a 200 day moving average price of $110.94.

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.