Advisory Services Network LLC Acquires 86,387 Shares of iShares U.S. Financials ETF $IYF

Advisory Services Network LLC increased its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 1,871.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,004 shares of the company’s stock after purchasing an additional 86,387 shares during the period. Advisory Services Network LLC’s holdings in iShares U.S. Financials ETF were worth $11,116,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vivaldi Capital Management LP raised its holdings in iShares U.S. Financials ETF by 3.6% in the second quarter. Vivaldi Capital Management LP now owns 2,769 shares of the company’s stock worth $335,000 after purchasing an additional 97 shares during the period. CreativeOne Wealth LLC boosted its position in shares of iShares U.S. Financials ETF by 1.7% during the first quarter. CreativeOne Wealth LLC now owns 5,963 shares of the company’s stock worth $673,000 after buying an additional 101 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of iShares U.S. Financials ETF by 6.0% during the second quarter. TD Waterhouse Canada Inc. now owns 1,808 shares of the company’s stock worth $220,000 after buying an additional 102 shares in the last quarter. Redwood Financial Network Corp raised its position in iShares U.S. Financials ETF by 2.0% in the 2nd quarter. Redwood Financial Network Corp now owns 5,231 shares of the company’s stock valued at $633,000 after buying an additional 104 shares during the last quarter. Finally, Rise Advisors LLC lifted its stake in iShares U.S. Financials ETF by 60.4% in the 2nd quarter. Rise Advisors LLC now owns 364 shares of the company’s stock valued at $44,000 after acquiring an additional 137 shares in the last quarter.

iShares U.S. Financials ETF Trading Down 0.0%

iShares U.S. Financials ETF stock opened at $129.53 on Monday. iShares U.S. Financials ETF has a 1-year low of $95.34 and a 1-year high of $130.21. 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.

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.