Raymond James Financial Inc. Takes Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Raymond James Financial Inc. purchased a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 176,119 shares of the company’s stock, valued at approximately $19,475,000. Raymond James Financial Inc. owned 0.63% of iShares U.S. Financials ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in iShares U.S. Financials ETF by 28.5% during the third quarter. The Manufacturers Life Insurance Company now owns 769,351 shares of the company’s stock worth $79,936,000 after acquiring an additional 170,769 shares during the period. Bank of Montreal Can increased its position in iShares U.S. Financials ETF by 705.1% during the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock worth $44,658,000 after acquiring an additional 377,999 shares during the period. Magnus Financial Group LLC increased its position in iShares U.S. Financials ETF by 2.4% during the fourth quarter. Magnus Financial Group LLC now owns 193,219 shares of the company’s stock worth $21,366,000 after acquiring an additional 4,573 shares during the period. MinichMacGregor Wealth Management LLC increased its position in iShares U.S. Financials ETF by 93.1% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 181,005 shares of the company’s stock worth $20,016,000 after acquiring an additional 87,248 shares during the period. Finally, XML Financial LLC increased its position in iShares U.S. Financials ETF by 1.1% during the fourth quarter. XML Financial LLC now owns 112,867 shares of the company’s stock worth $12,481,000 after acquiring an additional 1,262 shares during the period.

iShares U.S. Financials ETF Stock Performance

NYSEARCA:IYF opened at $110.38 on Monday. iShares U.S. Financials ETF has a 52 week low of $89.10 and a 52 week high of $119.90. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08. The firm’s 50-day simple moving average is $115.07 and its 200 day simple moving average is $111.37.

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.