Smith Anglin Financial LLC Takes Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Smith Anglin Financial LLC purchased a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,799 shares of the company’s stock, valued at approximately $310,000.

Several other institutional investors and hedge funds have also recently modified their holdings of IYF. The Manufacturers Life Insurance Company boosted its position in iShares U.S. Financials ETF by 28.5% in the third quarter. The Manufacturers Life Insurance Company now owns 769,351 shares of the company’s stock worth $79,936,000 after purchasing an additional 170,769 shares during the last quarter. Bank of Montreal Can raised its stake in shares of iShares U.S. Financials ETF by 705.1% in the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock worth $44,658,000 after buying an additional 377,999 shares during the period. Wulff Hansen & CO. raised its stake in shares of iShares U.S. Financials ETF by 9,357.0% in the second quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock worth $24,818,000 after buying an additional 259,657 shares during the period. Magnus Financial Group LLC raised its stake in shares of iShares U.S. Financials ETF by 2.6% in the third quarter. Magnus Financial Group LLC now owns 188,646 shares of the company’s stock worth $19,600,000 after buying an additional 4,826 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of iShares U.S. Financials ETF by 1.2% in the second quarter. Cetera Investment Advisers now owns 125,852 shares of the company’s stock worth $11,902,000 after buying an additional 1,470 shares during the period.

iShares U.S. Financials ETF Trading Up 2.0 %

Shares of IYF opened at $113.12 on Wednesday. The business’s 50 day moving average is $113.79 and its 200 day moving average is $106.22. The company has a market capitalization of $3.14 billion, a PE ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a 12-month low of $83.28 and a 12-month high of $119.90.

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.