Advisory Services Network LLC Grows Stock Position in iShares U.S. Financials ETF $IYF

Advisory Services Network LLC grew its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 1,871.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,004 shares of the company’s stock after buying an additional 86,387 shares during the quarter. Advisory Services Network LLC owned 0.27% of iShares U.S. Financials ETF worth $11,116,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position in shares of iShares U.S. Financials ETF by 1,366.8% during the first quarter. The Manufacturers Life Insurance Company now owns 1,498,231 shares of the company’s stock worth $169,075,000 after purchasing an additional 1,396,090 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of iShares U.S. Financials ETF by 12.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 929,654 shares of the company’s stock valued at $104,911,000 after purchasing an additional 105,022 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares U.S. Financials ETF by 1.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 701,987 shares of the company’s stock worth $84,933,000 after purchasing an additional 13,109 shares in the last quarter. PGIM Custom Harvest LLC boosted its stake in shares of iShares U.S. Financials ETF by 27.0% during the 1st quarter. PGIM Custom Harvest LLC now owns 648,435 shares of the company’s stock valued at $73,176,000 after buying an additional 137,864 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of iShares U.S. Financials ETF by 287.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 343,215 shares of the company’s stock valued at $41,526,000 after acquiring an additional 254,742 shares in the last quarter.

iShares U.S. Financials ETF Trading Down 0.0%

NYSEARCA IYF opened at $129.53 on Monday. The company has a fifty day simple moving average of $124.05 and a 200 day simple moving average of $122.71. The company has a market cap of $4.29 billion, a P/E ratio of 16.42 and a beta of 1.02. iShares U.S. Financials ETF has a 1 year low of $95.34 and a 1 year high of $130.21.

iShares U.S. Financials ETF Company 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.