Bank of Montreal Can Purchases 649,026 Shares of iShares U.S. Financials ETF $IYF

Bank of Montreal Can grew its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 1,275.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 699,898 shares of the company’s stock after purchasing an additional 649,026 shares during the quarter. Bank of Montreal Can owned about 2.11% of iShares U.S. Financials ETF worth $88,635,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Pinkerton Wealth LLC bought a new stake in shares of iShares U.S. Financials ETF during the 2nd quarter valued at $34,244,000. Dynasty Wealth Management LLC bought a new stake in shares of iShares U.S. Financials ETF in the third quarter worth about $34,595,000. JPMorgan Chase & Co. raised its holdings in 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 worth $41,526,000 after buying an additional 254,742 shares during the period. Camarda Financial Advisors LLC acquired a new stake in shares of iShares U.S. Financials ETF during the second quarter worth $13,689,000. Finally, Schroder Investment Management Group raised its stake in shares of iShares U.S. Financials ETF by 154.5% in the 2nd quarter. Schroder Investment Management Group now owns 143,300 shares of the company’s stock valued at $17,195,000 after purchasing an additional 87,002 shares during the period.

iShares U.S. Financials ETF Stock Down 0.8%

Shares of IYF stock opened at $118.05 on Thursday. The company’s fifty day simple moving average is $126.44 and its 200-day simple moving average is $125.74. iShares U.S. Financials ETF has a 12 month low of $95.34 and a 12 month high of $133.54. The firm has a market cap of $3.90 billion, a PE ratio of 16.42 and a beta of 1.02.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.