Hsbc Holdings PLC Makes New $103.83 Million Investment in iShares U.S. Financials ETF $IYF

Hsbc Holdings PLC bought a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 805,296 shares of the company’s stock, valued at approximately $103,827,000. Hsbc Holdings PLC owned 2.44% of iShares U.S. Financials ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 worth $504,583,000 after buying an additional 3,248,510 shares during the period. Dynasty Wealth Management LLC increased its stake in iShares U.S. Financials ETF by 545.2% in the fourth quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock worth $227,246,000 after purchasing an additional 1,489,376 shares during the period. Bank of America Corp DE increased its stake in iShares U.S. Financials ETF by 5.7% in the third quarter. Bank of America Corp DE now owns 1,586,519 shares of the company’s stock worth $200,917,000 after purchasing an additional 86,197 shares during the period. JPMorgan Chase & Co. lifted its position in shares of iShares U.S. Financials ETF by 184.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,053,341 shares of the company’s stock worth $135,807,000 after purchasing an additional 682,543 shares during the last quarter. Finally, Sagespring Wealth Partners LLC lifted its position in shares of iShares U.S. Financials ETF by 247.2% during the fourth quarter. Sagespring Wealth Partners LLC now owns 826,819 shares of the company’s stock worth $106,602,000 after purchasing an additional 588,659 shares during the last quarter.

iShares U.S. Financials ETF Stock Performance

Shares of IYF opened at $127.61 on Monday. The firm has a fifty day moving average price of $124.15 and a 200-day moving average price of $124.70. The firm has a market capitalization of $3.50 billion, a P/E ratio of 16.42 and a beta of 0.91. iShares U.S. Financials ETF has a 12-month low of $113.62 and a 12-month high of $133.54.

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.