Allen Investment Management LLC Acquires New Shares in iShares U.S. Financials ETF $IYF

Allen Investment Management LLC acquired a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,835 shares of the company’s stock, valued at approximately $2,041,000.

A number of other institutional investors also recently bought and sold shares of IYF. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares U.S. Financials ETF by 488.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock valued at $504,583,000 after acquiring an additional 3,248,510 shares during the period. Bank of Montreal Can grew its holdings in iShares U.S. Financials ETF by 1,275.8% during the 3rd quarter. Bank of Montreal Can now owns 699,898 shares of the company’s stock valued at $88,635,000 after buying an additional 649,026 shares in the last quarter. Sagespring Wealth Partners LLC grew its holdings in iShares U.S. Financials ETF by 247.2% during the 4th quarter. Sagespring Wealth Partners LLC now owns 826,819 shares of the company’s stock valued at $106,602,000 after buying an additional 588,659 shares in the last quarter. AlphaCore Capital LLC grew its holdings in iShares U.S. Financials ETF by 947.3% during the 4th quarter. AlphaCore Capital LLC now owns 163,661 shares of the company’s stock valued at $21,101,000 after buying an additional 148,034 shares in the last quarter. Finally, Camarda Financial Advisors LLC purchased a new position in iShares U.S. Financials ETF during the 2nd quarter valued at approximately $13,689,000.

iShares U.S. Financials ETF Stock Performance

Shares of iShares U.S. Financials ETF stock opened at $122.55 on Tuesday. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 16.42 and a beta of 0.92. The stock has a 50 day moving average price of $121.79 and a 200-day moving average price of $124.45. iShares U.S. Financials ETF has a one year low of $113.62 and a one year high of $133.54.

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.