International Assets Investment Management LLC Purchases New Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

International Assets Investment Management LLC bought a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 82,684 shares of the company’s stock, valued at approximately $7,062,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in iShares U.S. Financials ETF during the third quarter valued at approximately $34,000. Fifth Third Bancorp grew its position in iShares U.S. Financials ETF by 15.5% in the fourth quarter. Fifth Third Bancorp now owns 1,986 shares of the company’s stock valued at $170,000 after acquiring an additional 266 shares during the last quarter. Larson Financial Group LLC raised its stake in iShares U.S. Financials ETF by 13.5% during the third quarter. Larson Financial Group LLC now owns 2,308 shares of the company’s stock worth $173,000 after acquiring an additional 275 shares in the last quarter. Whitener Capital Management Inc. acquired a new stake in shares of iShares U.S. Financials ETF in the 3rd quarter valued at approximately $212,000. Finally, High Net Worth Advisory Group LLC bought a new stake in shares of iShares U.S. Financials ETF during the 4th quarter valued at approximately $214,000.

iShares U.S. Financials ETF Price Performance

Shares of NYSEARCA:IYF opened at $93.61 on Tuesday. The firm has a 50 day simple moving average of $92.58 and a 200 day simple moving average of $86.11. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a one year low of $69.58 and a one year high of $95.88.

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.