Brendel Financial Advisors LLC Acquires Shares of 7,082 iShares U.S. Financials ETF $IYF

Brendel Financial Advisors LLC bought a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,082 shares of the company’s stock, valued at approximately $913,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IYF. Ransom Advisory Ltd purchased a new stake in shares of iShares U.S. Financials ETF during the fourth quarter valued at approximately $26,000. Flagship Harbor Advisors LLC bought a new stake in iShares U.S. Financials ETF during the fourth quarter worth $26,000. Financial Life Planners purchased a new position in iShares U.S. Financials ETF in the third quarter worth $27,000. BNP Paribas Financial Markets purchased a new position in iShares U.S. Financials ETF in the third quarter worth $34,000. Finally, Davis Capital Management bought a new position in iShares U.S. Financials ETF in the 3rd quarter valued at $35,000.

iShares U.S. Financials ETF Price Performance

Shares of iShares U.S. Financials ETF stock opened at $123.84 on Wednesday. iShares U.S. Financials ETF has a 1 year low of $101.89 and a 1 year high of $133.54. The firm has a market cap of $3.42 billion, a PE ratio of 16.42 and a beta of 0.97. The stock has a fifty day moving average price of $121.21 and a 200-day moving average price of $124.49.

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