D.A. Davidson & CO. Grows Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

D.A. Davidson & CO. raised its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 15.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,554 shares of the company’s stock after acquiring an additional 601 shares during the quarter. D.A. Davidson & CO.’s holdings in iShares U.S. Financials ETF were worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of IYF. Raymond James & Associates raised its position in shares of iShares U.S. Financials ETF by 3.5% in the third quarter. Raymond James & Associates now owns 100,471 shares of the company’s stock valued at $10,439,000 after purchasing an additional 3,399 shares during the period. International Assets Investment Management LLC increased its holdings in shares of iShares U.S. Financials ETF by 10,290.9% in the 3rd quarter. International Assets Investment Management LLC now owns 100,584 shares of the company’s stock worth $10,451,000 after buying an additional 99,616 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of iShares U.S. Financials ETF by 4.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 5,818 shares of the company’s stock worth $604,000 after buying an additional 225 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares U.S. Financials ETF by 2.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,115 shares of the company’s stock worth $1,051,000 after buying an additional 251 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of iShares U.S. Financials ETF in the 3rd quarter valued at $207,000.

iShares U.S. Financials ETF Stock Performance

Shares of iShares U.S. Financials ETF stock opened at $115.55 on Wednesday. iShares U.S. Financials ETF has a 52-week low of $89.10 and a 52-week high of $119.90. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 15.26 and a beta of 1.08. The company has a fifty day moving average of $114.66 and a 200-day moving average of $110.31.

About iShares U.S. Financials ETF

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.