HBW Advisory Services LLC Acquires Shares of 4,006 iShares U.S. Financials ETF $IYF

HBW Advisory Services LLC bought a new position in iShares U.S. Financials ETF (NYSEARCA:IYF) in the third quarter, HoldingsChannel reports. The fund bought 4,006 shares of the company’s stock, valued at approximately $507,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Rise Advisors LLC increased its stake in shares of iShares U.S. Financials ETF by 60.4% in the second quarter. Rise Advisors LLC now owns 364 shares of the company’s stock worth $44,000 after acquiring an additional 137 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in iShares U.S. Financials ETF by 39.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 465 shares of the company’s stock valued at $56,000 after purchasing an additional 131 shares in the last quarter. Assetmark Inc. purchased a new position in iShares U.S. Financials ETF in the second quarter valued at about $63,000. Private Trust Co. NA increased its position in iShares U.S. Financials ETF by 106.7% in the 2nd quarter. Private Trust Co. NA now owns 705 shares of the company’s stock worth $85,000 after purchasing an additional 364 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of iShares U.S. Financials ETF during the 2nd quarter worth about $132,000.

iShares U.S. Financials ETF Price Performance

Shares of iShares U.S. Financials ETF stock opened at $130.85 on Monday. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02. The stock has a 50-day simple moving average of $125.24 and a 200-day simple moving average of $123.67. iShares U.S. Financials ETF has a 52-week low of $95.34 and a 52-week high of $131.56.

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.