Kovitz Investment Group Partners LLC Takes Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Kovitz Investment Group Partners LLC acquired a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,964 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new position in shares of iShares U.S. Financials ETF in the second quarter worth about $56,608,000. Bank of Montreal Can grew its stake in iShares U.S. Financials ETF by 705.1% in the 3rd quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock valued at $44,658,000 after buying an additional 377,999 shares in the last quarter. Wulff Hansen & CO. raised its holdings in iShares U.S. Financials ETF by 9,357.0% during the 2nd quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock valued at $24,818,000 after acquiring an additional 259,657 shares during the period. Apollon Wealth Management LLC lifted its position in shares of iShares U.S. Financials ETF by 1,161.0% during the third quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock worth $12,908,000 after acquiring an additional 114,383 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of iShares U.S. Financials ETF by 10,290.9% in the third quarter. International Assets Investment Management LLC now owns 100,584 shares of the company’s stock worth $10,451,000 after acquiring an additional 99,616 shares during the period.

iShares U.S. Financials ETF Stock Performance

NYSEARCA:IYF opened at $114.08 on Friday. The business’s fifty day moving average is $112.19 and its 200 day moving average is $103.46. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a 52-week low of $83.28 and a 52-week 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.